Having done a trade deal with US President Donald Trump, Japan’s prime minister will soon announce his resignation, reports said Wednesday, after his latest election debacle left his coalition without a majority now in both houses of parliament. The reports said Shigeru Ishiba had conveyed his intention to step down to those close to him, … Read more
Japanese Prime Minister Shigeru Ishiba said that US Treasury Secretary Scott Bessent told him that the two nations will be able to reach a good trade deal. Ishiba urged Bessent to continue talks vigorously with Japan’s chief negotiator Ryosei Akazawa to achieve a mutually beneficial agreement. The two sides didn’t discuss specifics on trade as … Read more
The yen touched a three-month low on Monday as Japan’s ruling coalition lost its parliamentary majority and investors figured that would likely slow future interest rate hikes, while the dollar headed for a monthly gain on rising U.S. yields. On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade … Read more
Shigeru Ishiba waves hands at his supporters after he was elected as new head of Japan’s ruling Liberal Democratic Party’s (LDP), during the party’s leadership election on September 27, 2024, in Tokyo. | Photo Credit: AP Former Defence Minister Shigeru Ishiba won an election to lead Japan’s governing party on Friday (September 27, 2024) and … Read more
TOKYO – Yoshihide Suga, a longtime lieutenant of Japan‘s Shinzo Abe, has emerged as a strong contender to succeed him as prime minister, an outcome that would extend the fiscal and monetary stimulus that defined Abe’s nearly eight years in office. Abe, Japan’s longest-serving premier, said on Friday he was stepping down due to a … Read more