Ishiba Shigeru was supposed to be the savior a month ago. After scandals and public discontent forced his predecessor Fumio Kishida to resign, the plain-speaking backbencher was brought in to clean up the party and regain the public's trust.
Ishiba Shigeru was supposed to be the savior a month ago. After scandals and public discontent forced his predecessor Fumio Kishida to resign, the plain-speaking backbencher was brought in to clean up the party and regain the public's trust. Now he faces the possibility of one of the shortest tenures of any Japan ese prime minister in decades, Commerzbank’s FX analyst Volkmar Baur notes.
However, it is also unclear whether Ishiba will be forced to resign as a result of the disastrous election result for the LDP, and whether a coalition of opposition parties will be formed to form a majority without the LDP.” “JPY has already weakened significantly against the US Dollar this morning and may continue to do so for the duration of the political uncertainty.
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