Shigeru Ishiba, Prime Minister of Japan
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Japan, upper house
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Sanseito leader Sohei Kamiya's xenophobic views, antisemitic remarks and emphasis on Japan’s ethnic purity have raised alarms.
Japan's election outcome may put the central bank in a double bind as prospects of big spending could keep inflation elevated while potentially prolonged political paralysis and a global trade war provide compelling reasons to go slow on rate hikes.
Having done a trade deal with US President Donald Trump, Japan’s Prime Minister will soon announce his resignation, reports said on Wednesday, after his latest election debacle left his coalition without a majority now in both houses of Parliament.
Japan's Prime Minister Shigeru Ishiba is set to announce that he will step down from the top job, according to local media.
The fringe far-right Sanseito party emerged as one of the biggest winners in Japan's upper house election, gaining support with warnings of a "silent invasion" of immigrants.
The loss on Sunday left the Liberal Democrats a minority party in both houses of Parliament, while two new nationalist parties surged.
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World markets are mixed after U.S. stock indexes hit new records. Oil prices fell and U.S. futures were little changed.
Japanese markets were closed for a holiday, but the rise in the yen and Nikkei futures showed investors had already priced in the election outcome.
Japan's prime minister is clinging to power today, but his outlook remains uncertain. This follows a weekend election that delivered several surprises. HPR's Bill Dorman has more in today's Asia Minute.