The Constitutional Democratic Party of Japan (CDP) chose a veteran leader to steer it toward a more middle-of-the-road policy stance on Monday, electing former Prime Minister Yoshihiko Noda as its president.

The 67-year old Noda, who defeated three younger candidates, is looking ahead to a possible snap election, in which he will face a new leader of the ruling Liberal Democratic Party.

The LDP elects its own new chief on Friday, who will become Japan¡¯s next prime minister. The new prime minister is widely expected to dissolve the Lower House of parliament for a general election in the near term, rather than wait until its term of office expires in October 2025.