Tokyo, Oct 3 (TIWN) Fumio Kishida, the newly-elected leader of Japan's ruling Liberal Democratic Party (LDP),will take office as the Prime Minister on Monday and launch his new government, aiming to promote economic recovery while keeping Covid-19 infections under control, local media reported on Sunday.

With the LDP-led ruling coalition controlling both chambers, the 64-year-old Kishida is almost guaranteed to be elected prime minister at an extraordinary parliamentary session on Monday.  The new leader plans to dissolve the House of Representatives on October 14, and consequently, a general election is likely to be held on November 7, local media reported citing sources.  Kishida has promised to increase middle-class incomes and reduce wealth disparity under his "new form of capitalism," which is viewed as a break from the "neoliberal policies" that the Japanese government has pursued over the past two decades.