Former Prime Minister Junichiro Koizumi on Saturday formally announced his intention to retire from politics and said he will not run in the next House of Representatives election.
Koizumi, 66, also named his second son and secretary, 27-year-old Shinjiro Koizumi, as his heir apparent to the Kanagawa No. 11 district.
Koizumi did acknowledge criticism about giving his political base to his son, saying, ‘‘I too was criticized for being a third-generation politician. However, no-one will be able to accuse my son of such a short pedigree.’’