Japanese Prime Minister Shinzo Abe’s sudden & unexpected resignation is unlikely to affect the Indo-Japan annual summit intended to be held during the following month. On Friday, Abe declared that he was resigning due to health causes. The proposed summit, to be held by way of video hyperlink, was considered critical for India as it was within the backdrop of the border standoff and China’s hostile nature in specific parts of the Indo-Pacific region.
The summit was rescheduled to take place in April because of the anti-CAA protests in Guwahati last December. It was delayed once again due to the COVID19 pandemic. There isn’t any information on the annual summit being rescheduled yet again. As of now, the meeting will be conducted as scheduled previously. Abe and his cabinet would continue to run the federal government till a new PM is elected. However, they cannot initiate any new insurance policies.
The resignation will predictably set off a management race within the ruling Liberal Democratic Occasion (LDP). The new chief will be formally elected in parliament, and hold the position for the remainder of Abe’s serving period.
Japan has decided to extend its funding in two of India’s neighbors, Bangladesh and Myanmar. Japanese firms have been planning to shift from China to India, and incentives for these companies will be in mentioned the summit, sources stated. A couple of weeks ago, Japan commented on the border standoff, stating that it opposed China’s “unilateral” attempts to disturb the established order within the area.
Abe became the first Japanese prime minister to visit India’s Republic Day parade in 2014.
Abe proposed the Indo-Pacific partnership and supported India with the ‘Maritime Silk Route’ initiative. Modi and Abe initiated the steps to develop a strategic partnership to subsequent degrees. The Quadrilateral format was re-initiated, and Japan joined the Malabar naval train with India and the USA once again. HK Singh, India’s former envoy to Japan, said, “Abe is a good friend of India who left the world stage. He mainstreamed Japan’s ties with India and I hope his legacy will continue to propel the Indo-Japan partnership.”