Japan Prime Minister Ishiba to resign
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The Bank of Japan must be cautious about raising interest rates given the expected hit from U.S. tariffs on the fragile economy, ruling party heavyweight Ken Saito told Reuters.
The French government is on the brink of another collapse, and Japan’s prime minister quits after just a year in office. Plus, China may open its domestic bond market to Russian companies for the first time since 2022, and US economic data is complicating the Federal Reserve’s upcoming decision on interest rates.
Campaigning under the nationalist slogan "Japanese First," the party capitalised on growing public frustration with immigration, inflation and the ruling coalition's performance. View on euronews
TOKYO: Japan's stocks surged, the yen weakened and bonds stood firm on Monday after Prime Minister Shigeru Ishiba's resignation stoked speculation that his successor will raise government spending.
Japan’s long-governing Liberal Democratic Party suffered a defeat in parliamentary elections on Sunday that saw new right-wing populist groups make gains, heralding what could be a tectonic ...