Japan's benchmark Nikkei 225 index has tumbled nearly 5% after the country's ruling Liberal Democrats chose Shigeru Ishiba, a former defense minister, as the next prime minister.
Pleasant mornings continue, but highs will challenge records over the next few daysMedical examiner identifies wrong-way driver killed in head-on crash near downtownGet ready to travel this fall with these Insider DealsFILE - A person looks at an electronic stock board showing Japan's stock prices, at a securities firm Thursday, Sept. 26, 2024, in Tokyo.
A stronger yen is a disadvantage for Japanese companies that make a large share of their sales and profits overseas. Kishida espoused an economic policy he called “new capitalism,” which called for more equal distribution of national wealth. But sharply rising prices partly due to a weakening in the yen undermined progress toward encouraging consumers to spend more.
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