Former Foreign Minister Toshimitsu Motegi became the first ruling party lawmaker to throw his hat into the ring to succeed outgoing Japanese Prime Minister Shigeru Ishiba on Monday, as financial markets whipsawed on the political uncertainty.
Japanese Prime Minister Shigeru Ishiba has decided to resign to avoid a split within the ruling Liberal Democratic Party, public broadcaster NHK said on Sunday.
Public support for Japanese Prime Minister Shigeru Ishiba has dropped to a record low after he handed out gift vouchers to ruling party lawmakers, an Asahi newspaper poll showed on Monday. Approval fell 14 percentage points to 26%, the lowest since he took office last October.
Biden blocks Nippon Steel's $14.9B U.S. Steel bid, sparking tensions during Blinken's Japan visit amid efforts to strengthen alliances against China.
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