One Year After Taking Office, Fumio Kishida Has Failed to Redistribute Wealth in Japan.

Yet he had a unique window of opportunity.

One year ago, on September 29, 2021, traders in Tokyo were panicking, causing a panic in the Nikkei. On that day, Fumio Kishida had just won the internal elections of the Liberal Democratic Party (LDP), the major conservative party in power in Japan, and was about to be appointed Prime Minister, replacing Yoshihide Suga, who was too unpopular in the pol…