Japan, Ishiba
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Japan's ruling coalition has lost its majority in the country's upper house, but Prime Minister Shigeru Ishiba has said he has no plans to quit.
CNBC's Martin Soong, Chery Kang, and Kaori Enjoji discuss how the ruling coalition's defeat in Japan's upper house election complicates policy formation in the country, including the Bank of Japan's aim to normalize monetary policy.
Japanese Prime Minister Shigeru Ishiba says he will decide on resigning after reviewing a new US-Japan tariff deal, following his coalition’s upper house election defeat.
The loss on Sunday left the Liberal Democrats a minority party in both houses of Parliament, while two new nationalist parties surged.
The reports come after Trump announced a trade deal with Japan, and days after Ishiba’s governing coalition lost its majority in the country’s upper house.
Japan’s Prime Minister Shigeru Ishiba faces an increasingly uphill battle in Sunday’s upper house election, and a loss could worsen political instability at a time of daunting challenges, such as rising prices and high U.
Japan is in political flux after Prime Minister Shigeru Ishiba’s ruling coalition lost its upper house majority for the first time in decades. With rising inflation, internal party unrest, and looming US tariffs,
HSBC said that the directionality of JPY rates was likely to be positively correlated with the degree of policy uncertainty after Japan’s ruling coalition suffered a loss on Sunday.