The LDP's new president, Shigeru Ishiba, announced the general election schedule and LDP executive appointments, including rival candidate Shinjiro Koizumi.
The Japanese yen is at its weakest level against the US dollar since 1986, despite expensive intervention by the central bank.
As depreciation drives the exchange rate to nearly ¥155 Japanese yen per US dollar, Finance Minister Suzuki stresses flexibility and hints at intervention.
Amid growing calls for consumption tax cuts among lawmakers, a ruling party group is even proposing tax exemptions for necessities. But is this feasible?
Given that the Japanese economy is still mired with deflation, Japan should issue defense bonds as a balance between economic growth and national defense.
Thirteen of the 20 members of the new Cabinet are first-timers, while holdovers are confirmed for three key positions.