Shigeru Ishiba is poised to become Japan's new prime minister, following his victory as leader of the Liberal Democratic Party (LDP) and plans to call a national election on October 27. Ishiba, who has previously attempted to lead the party but faced setbacks, aims to address Japan's demographic crisis, economic stagnation, and security concerns related to China. His cabinet, expected to include key figures from his party, reflects a strategy to unify the LDP amid recent scandals and internal divisions. While polls indicate some public optimism regarding Ishiba's leadership, he faces challenges in managing party factions and voter discontent over economic issues. Additionally, Ishiba has signaled intentions to maintain Kishida’s economic policies while enhancing Japan's defense posture. The stock market has reacted negatively to his proposed policies, particularly regarding interest rate hikes and potential corporate tax increases.