The Japanese yen strengthened on Monday after Japan and the United States confirmed a rare coordinated currency intervention to halt the currency's slide following weeks of pressure.
The Strait of Hormuz remains a vital maritime chokepoint and serves as the primary artery linking the Persian Gulf to international energy markets. With approximately 20% of global oil and gas shipments transiting this waterway, it is the backbone of energy security for Asia, Europe, and beyond.
Japan’s snap election has delivered a landslide victory for Sanae Takaichi, giving her a strong mandate to advance fiscal expansion and defence reforms. But, analysts warn that inflation risks and funding challenges could complicate her agenda.
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.
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