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Economic Watch: Japan’s new PM faces multiple challenges in post-COVID era

TOKYO, Oct. 4 (Xinhua) — Fumio Kishida, leader of Japan’s ruling Liberal Democratic Party (LDP), was elected on Monday as the new Japanese prime minister, the 100th in the Asian country’s political history.

In the face of Japan’s continued deflationary trend, declining population and other structural problems, including digitizing and greening its economy in the post-COVID era, the Kishida cabinet is under pres