Japan, Ishiba
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India Today on MSN'Solemn' Ishiba accepts defeat as Japan's ruling bloc loses upper house controlExit polls suggest that Ishiba's Liberal Democratic Party (LDP) and its coalition partner Komeito will secure only 32 to 51 of the 124 contested seats in the 248-seat chamber. They needed at least 50 seats to maintain their grip on power.
Exit polls suggest a major loss for the Liberal Democratic Party in parliamentary elections, but Prime Minister Shigeru Ishiba is vowing to stay on.
Good morning. Shigeru Ishiba says he’ll stay put—despite a historic election setback. Some investors worry that disappointing earnings or economic data may derail the S&P 500’s red-hot rally. And Astronomer CEO Andy Byron steps down after the now-infamous Coldplay concert incident.
Prime Minister Shigeru Ishiba remains opposed to a consumption tax cut, but opposition parties are expected to intensify calls for such measures after gaining more seats in Sunday's House of Councillors election.
Japan's upper house election on Sunday dealt a big blow to the ruling coalition and sets markets up for possible policy paralysis and a bigger fiscal deficit, much of which is already priced in, analysts said.
Japan’s Prime Minister Shigeru Ishiba faces a critical test in Sunday’s upper house election. A loss could deepen political instability as his government struggles with rising prices, U.S. tariffs and voter dissatisfaction.