Japan Faces Trade Uncertainty
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Sanseito, a Japanese populist party that draws inspiration from Donald Trump's politics, is gaining support ahead of Sunday's upper house elections, suggesting a notable shift in the country's traditionally centrist landscape.
Now, Sunday’s election results in the upper house of Japan’s parliament threaten “to send shockwaves through U.S. bond markets” once again, cautions Mott Capital Managemen
The era of predictable elections is over, though Prime Minister Ishiba vows to remain in office. Mr. Kirk, based in Seoul and Washington, has been covering Asia for decades for newspapers and magazines and is the author of books on Korea, the Vietnam War and the Philippines.
Asian shares and the yen held their ground on Monday as Japanese elections proved bad for the government but no worse than already priced in, while Wall Street futures braced for earnings from the first of the tech giants.
Investors will be keeping a close watch on the People’s Bank of China’s decision on its 1-year and 5-year loan prime rates for July, expected later in the day.
Japan’s voters dealt Prime Minister Ishiba Shigeru of the Liberal Democratic Party (LDP) with yet another devastating blow on Sunday, the second electoral loss since coming into office last fall.
By Chris Summers Contributing Writer Japanese Prime Minister Shigeru Ishiba, leader of the center-right Liberal Democratic Party, said on Monday he would not stand down after losing a key election on
Japan has worked hard to attract foreigners to boost its sluggish economy but now the perception there are too many has prompted the creation of a new task force, as competition for votes heats up ahead of Sunday’s national election.
Decontaminated but slightly radioactive soil from Fukushima has been delivered to the Japanese prime minister’s office to be reused in an effort to showcase its safety.
Birthed on YouTube spreading Covid-19 conspiracy theories, the party broke into mainstream politics with its populist campaign.