Japan, Ishiba
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TOKYO, July 21 (Reuters) - Japan's ruling coalition is certain to lose control of the upper house in Sunday's election, public broadcaster NHK reported , an outcome that further weakens Prime Minister Shigeru Ishiba's grip on power as a tariff deadline with the United States looms.
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.
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.
The Japanese government said it is responding to "crimes and nuisances committed by some foreigners and inappropriate use of various systems."
With his calls to limit foreign workers, fight globalism and put “Japanese First,” Sohei Kamiya has brought a fiery right-wing populism to Japan’s election on Sunday.
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Japan's ruling coalition possibly lost its majority in the upper house, exit polls showed after Sunday's election, potentially heralding political and market turmoil as a deadline looms on tariff negotiations with the United States.
Shigeru Ishiba is clinging on to power after the latest rebuke from the electorate. With crucial trade talks on the line, it’s time for him to go.