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Japan's new Prime Minister Fumio Kishida after winning the ruling Liberal Democratic Party's presidential election on Sept. 29 in Tokyo. Photo: Du Xiaoyi - Pool/Getty Images

Japan's Parliament elected Fumio Kishida as the country's new prime minister on Monday.

Why it matters: The former foreign minister faces immediate challenges, including reviving the world's third-largest economy and working with the U.S. and other key allies to address security threats, per the Wall Street Journal.

  • He also has to ensure preparations are made in case there's a winter resurgence of COVID-19 cases to avoid burdening the health system, including stepping up vaccination efforts, AP notes.

Yes, but: Kishida must call a general election by Nov. 28.

The big picture: Kishida was elected leader of the ruling Liberal Democratic Party last week.

Editor's note: This article has been updated with new details throughout.

Go deeper

Updated Oct 14, 2021 - World

Japan's new prime minister dissolves Parliament for elections

Japanese Prime Minister Fumio Kishida during an October news conference in Tokyo. Photo: Toru Hanai/Pool/Getty Images

Japanese Prime Minister Fumio Kishida dissolved the lower house of the country's Parliament on Thursday, clearing the way for elections on Oct. 31, per Reuters.

Why it matters: Kishida is seeking a mandate to govern 10 days after he was elected as prime minister by Japan's Parliament. The country faces the threat of a potential COVID-19 resurgence while trying to revive the world's third-largest economy and working with the U.S. and other allies to address security threats.

Updated 47 mins ago - World

Mapping repression in China's Xinjiang region

Data: © Mapbox, © OpenStreetMap; Map: Will Chase/Axios

A sweeping new report released today by an Australian research organization reveals new details about how the Chinese Communist Party — and specifically who within the party — is carrying out its campaign of repression in Xinjiang.

Why it matters: Uncovering the actual offices and individuals implementing the Chinese government's genocide and forced labor policies in Xinjiang can bring accountability and help international companies delink supply chains in compliance with U.S. and EU forced labor laws.

Report: U.S. Latinos near 50% homeownership rate

Real estate broker Alex Betances sits in front of a home in Reading, Pa. Photo: Ryan McFadden/MediaNews Group/Reading Eagle via Getty Image

Latinos increased their homeownership rate to nearly 50% in 2020, according to a report from a group monitoring U.S. Hispanic wealth creation.

Why it matters: The Hispanic Wealth Project found that the homeownership rate grew despite the lack of diversified financial assets among Latinos and around 15% who still live below the federal poverty line ($26,500 for a family of four).