Japan, Exit polls and Prime Minister
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Shigeru Ishiba, Japan
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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
Exit polls suggest Prime Minister Shigeru Ishiba's coalition is likely to lose a majority its majority in the smaller of Japan’s two parliamentary houses in a key election.
7hon MSN
Japan's embattled prime minister Shigeru Ishiba, fresh off a crushing defeat in upper house elections over the weekend, will not be in a position of strength to negotiate a favorable trade deal with the U.S., analysts said.
Anti-establishment parties focused on wages, immigration and an unresponsive political elite struck a chord with working-age people in Japan.
The Bank of Japan will raise its key interest rate by at least 25 basis points by year-end, a majority of economists said in a Reuters poll, although that could be swayed by global trade tensions and domestic political uncertainty.
Millions of Japanese citizens will head to the polls Sunday to elect 125 lawmakers for the House of Councilors, the upper chamber of parliament, seen as critical to the minority government of Prime Minister Shigeru Ishiba.
Japan's tightly contested upper house election poses a threat to Prime Minister Shigeru Ishiba's leadership, with rising prices and immigration concerns in focus. The LDP's grip on power hangs in the balance,