Japanese PM Ishiba to stay on
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The Manila Times on MSNIshiba remains in office after election setback
Japanese Prime Minister Shigeru Ishiba clung on Monday even after his coalition suffered what he called an “extremely regrettable” election result, as painful new US tariffs loom. In Sunday’s election,
Japanese voters headed to the polls on Sunday in a tightly contested election amid public frustration over rising prices and the imminent threat of US tariffs. The ruling Liberal Democratic Party (LDP) and its junior coalition partner Komeito need to secure a combined 50 seats to retain an overall majority in the upper house but the latest polling shows they might fall short.
Japanese voters angry at inflation turned to other parties, notably the "Japanese first" Sanseito, which made strong gains with its "anti-globalist" drive reminiscent of US President Donald Trump's agenda.
The yen climbed across the board on Monday after beleaguered Japanese Prime Minister Shigeru Ishiba vowed to hang on as leader even though his ruling coalition lost its majority in Sunday's upper house elections,
Internal rivals and a resurgent nationalist right are jeopardising Prime Minister Shigeru Ishiba’s already precarious position.
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WASHINGTON -- The U.S.-Japan alliance has entered a period of uncertainty, American think tank analysts say, after Sunday's upper house Diet election resulted in Japan's ruling Liberal Democratic Party having lost its majority in both legislative chambers for the first time since its founding in 1955.
TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba on Monday stressed the need to establish a common understanding among parties on the pros and cons of cutting the country's sales tax rate. Cutting the sales tax could increase household income temporarily,
Japanese Prime Minister Shigeru Ishiba will continue in office despite his party's election loss. He emphasised preventing a political vacuum and addressing issues like rising living costs, while planning to negotiate with the US on tariffs ahead of the August 1 deadline.