[6] In August 1989, Hayashi joined Shintaro Ishihara and Toshiki Kaifu to ran for the presidency of the LDP.
But lost to Kaifu, who won the election as prime minister, replacing Sosuke Uno in the post.
[7][8] Hayashi's tenure ended on 9 August 1993 when Hirohisa Fujii became finance minister.
[10] In 2003 Hayashi ended his involvement in politics[11] after serving at Diet ten times.
[4][13] Hayashi died from multiple organ failure in Tokyo hospital on 3 February 2017 at the age of 89.