Japan PM Shinzo Abe Resigns Amid Health Problems Due To Ulcerative Colitis

  • by Staff@ TSD Network
  • August 28, 2020

Japan’s Prime Minister Shinzo Abe announced his resignation over health problems. The 65-year-old has suffered for many years from ulcerative colitis, an inflammatory bowel disease. This is the reason for ending his record-breaking tenure in a bombshell development.

Regarding health issues, Amid health issues Shinzo Abe confirms, his condition had worsened recently. And now he no longer felt able to continue as prime minister. “There must not be the time when I am not able to deliver results,” he added.

As per Abe, he did not want his illness to get in the way of decision making and apologised to the Japanese people for failing to complete his term in office. Just last year, he became Japan’s longest-serving prime minister. His current period in office began in 2012.

However, he will remain in his post until a successor is chosen. Interestingly, in 2007 he resigned abruptly from an earlier term as prime minister for the same reasons.

Notably, Prime Minister Abe has a reputation as a staunch conservative and nationalist. He also credited for stimulating growth with his aggressive economic policy known as “Abenomics”.

Shinzo Abe resigns; What did he say?

The Leader of the world’s third-largest economy, Shinzo Abe also said;

“I made a judgment I should not continue my job as a prime minister. I would like to sincerely apologise to the people of Japan for leaving my post with one year left in my term of office, and amid the coronavirus woes, while various policies are still in the process of being implemented”. 

PM’s resignation Is A Big Surprise for Japanese Market

The resignation of the Prime Minister shocked the markets for sure. The Tokyo stocks plunging more than two percent towards the end of the afternoon trade, as Shinzo Abe resigns.

Meantime, the longest-serving Japanese prime minister leaves behind a legacy of stability and a strong centralised power base. He also improved relations with the US by courting President Donald Trump, often on the golf course.

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Staff@ TSD Network

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