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Japan's Prime Minister and leader of ruling Liberal Democratic Party Fumio Kishida (2nd-R) is applauded after being re-elected in Parliament, in Tokyo on Wednesday. Photo: Charly Triballeau/AFP via Getty Images

Fumio Kishida was re-elected as Japan's prime minister Wednesday in a parliamentary session after his ruling Liberal Democratic Party (LDP) won a majority in the House of Representatives election, per AP.

Why it matters: The 261 seats the LDP won in the 465-member lower house at the Oct. 31 election puts Kishida in a more powerful position, as he prepares to protect Japan from 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.

The big picture: The election was held soon after Kishida replaced former Prime Minister Yoshihide Suga, who resigned in September after a year in office.

  • Kishida was elected on the promise of a "new capitalism" that's focused on economic growth and wealth redistribution, Kyodo News reports.
  • He's spoken with President Biden over the phone as he seeks to move toward a "free and open Indo-Pacific region," Chief Cabinet Secretary Hirokazu Matsuno said, per Kyodo News.

Go deeper

Axios AM Deep Dive: Pandemic eating

Illustration: Sarah Grillo/Axios

A food revolution began pre-pandemic and COVID has only accelerated that. See how America's food industry is transforming, from farm to your table.

Abrams’ campaign manager rules out 2024 run if she wins governor's race

Photo: Jessica McGowan/Getty Images

In her first major interview since the official announcement, Stacey Abrams' campaign manager Lauren Groh-Wargo quashed speculation that the Georgia Democrat would interrupt a theoretical gubernatorial term to run for president in 2024.

Why it matters: Abrams' name has come up repeatedly as a top 2024 Democratic contender given President Joe Biden's age and Vice President Kamala Harris's low favorability rating.

Dan Primack, author of Pro Rata
Updated 1 hour ago - Politics & Policy

Trump social media group raises $1 billion from undisclosed investors

Illustration: Sarah Grillo/Axios

Donald Trump's social media startup on Saturday announced that it secured $1 billion in new investment as part of its ongoing efforts to become publicly traded via a blank check company.

Between the lines: None of the investors were identified, which is highly unusual for this sort of transaction.