Japan, Election Force
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A bad night for the ruling coalition could cost the prime minister his job and make it harder to strike a deal with Washington before the August tariff deadline.
Japan's Liberal Democratic Party, which Prime Minister Ishiba leads, secured 47 seats in parliament, short of the 50 it needs for a majority.
The yen strengthened versus the dollar on Monday after Japan’s Prime Minister Shigeru Ishiba said he would carry on as leader even as the ruling coalition lost its majority in the upper house election.
Japanese voters participated in a closely contested upper house election that could create political upheaval. Prime Minister Shigeru Ishiba's coalition faces challenges from opposition parties advocating fiscal changes.
Japan's Liberal Democratic Party ruling coalition may lose its majority in the upper house in an election on Sunday, which could heighten calls for the government to boost spending and cut tax.
Japan’s super-long bonds extended their recent declines Tuesday, pushing the yield on 30-year securities toward a record high as political risks cast a greater shadow over the nation’s financial markets.
Japanese voters faced a crucial upper house election that could destabilize Prime Minister Shigeru Ishiba's administration. Rising prices and immigration issues challenge his leadership. The Liberal Democratic Party risks losing control,
Ishiba on Monday vowed to remain in his job even though his LDP-led coalition finished Sunday running a government without a majority in both chambers of parliament for the first time
Japanese Prime Minister Shigeru Ishiba on Monday apologized to the ruling Liberal Democratic Party (LDP) for the election loss, adding that he will continue to govern in coalition with Komeito.
Japanese Prime Minister Shigeru Ishiba sought to buy time in office following a second election setback in less than a year. But whether he stays days, weeks or even months, Sunday’s vote made clear that his Liberal Democratic Party needs an overhaul to stay relevant.