Ishiba, Japanese Prime Minister
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Mr Ishiba, who has faced mounting criticism from within his Liberal Democratic Party (LDP) after his coalition lost its majority in Sunday’s upper house election, has reportedly informed close aides of his intention to resign.
Japanese Prime Minister Shigeru Ishiba refuted rumors about his resignation following a setback in the upper house election. With crucial trade talks with the U.S. in progress, he delayed any immediate decision.
Japan's Prime Minister Shigeru Ishiba plans to announce his resignation by the end of next month, media said on Wednesday, following a bruising defeat in an upper house election. That step would trigger a leadership race in his Liberal Democratic Party (LDP),
The embattled prime minister said he would remain in office to oversee tariff talks with the United States and other pressing matters.
The yen carry trade that crashed and burned last year may end up being one of the biggest beneficiaries of Japan’s seismic election result.
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