Japan: Prime Minister's Waning Power Jolts Stability
Summary by Global Finance Magazine
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1 Articles
Japan: Prime Minister's Waning Power Jolts Stability
The vote marks a historic shift: For the first time since 1955, the LDP does not control either house of Japan’s parliament. While Ishiba has vowed to stay on, pressure is mounting within the LDP. Past premiers who suffered similar defeats resigned within months; multiple rivals are now positioning themselves for a leadership challenge. The LDP’s diminished power has mixed implications. The Tokyo Stock Exchange remained closed for a public holi…
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