SANAE TAKAICHI POLICIES
Japan's Topix hits record high, yen and bonds fall on PM Ishiba exit
Japan's Topix share gauge reached a record high, the yen weakened and longer-dated bonds slid on Monday after Prime Minister Shigeru Ishiba's resignation stoked speculation that his successor will raise government spending.
Japan's stressed bond market, stocks brace for PM Ishiba exit reaction
Japan's stressed government bond market and soaring stocks are set for more volatility on Monday after the resignation of fiscal hawk Prime Minister Shigeru Ishiba.
Who could replace Shigeru Ishiba as Japan's prime minister
Following Shigeru Ishiba's resignation, Japan's political landscape shifts as potential candidates emerge for prime minister. Sanae Takaichi and Shinjiro Koizumi are considered frontrunners, while Toshimitsu Motegi has declared his candidacy. The opposition also eyes the premiership, with Yoshihiko Noda and Yuichiro Tamaki presenting alternative visions for Japan's future.
Japan's Topix hits record high, yen falls as PM Ishiba resigns
Following Shigeru Ishiba's resignation, Japan's Topix index reached a record high, while the yen weakened amid speculation that his successor will increase government spending. Sanae Takaichi, a potential candidate known for expansionary fiscal policies, is seen as positive for equities but potentially challenging for the bond market.
Yen slides after Japan PM Ishiba resigns
Ishiba on Sunday announced his resignation, ushering in a potentially lengthy period of policy uncertainty at a shaky moment for the world's fourth-largest economy.
Asian stocks gain on rate cut optimism, yen dives after Ishiba resigns
Following weak U.S. jobs data, stocks rose amid expectations of Federal Reserve rate cuts, while the dollar weakened. Japan's yen declined due to political uncertainty after Prime Minister Ishiba's resignation, raising concerns about future monetary policy. Gold prices remained near record highs as investors awaited U.S. inflation data and monitored political developments in France.
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Japan's Prime Minister Shigeru Ishiba resigns
Japanese Prime Minister Shigeru Ishiba announced his resignation following his party's historic defeat in July's parliamentary election. Facing mounting pressure from within the Liberal Democratic Party, Ishiba's decision aims to prevent further division. A leadership vote is expected in early October to choose his replacement, with potential candidates including Shinjiro Koizumi and Yoshimasa Hayashi.
Shigeru Ishiba: The 'smile again' Japanese Prime Minister who voters frowned on
Shigeru Ishiba is set to resign as Japan's prime minister after a series of electoral defeats shook the ruling Liberal Democratic Party's (LDP) hold on power. His tenure, marked by challenging trade negotiations with the U.S. and domestic economic struggles, saw the LDP lose ground to opposition parties.
Who could replace Ishiba as Japan's prime minister
Japan’s Prime Minister Shigeru Ishiba will resign after his party’s election defeats, triggering a leadership race in the ruling LDP. The winner must secure a parliamentary vote to become premier, though the LDP’s weakened position leaves room for an opposition leader to take power. Likely contenders include LDP’s Sanae Takaichi, Shinjiro Koizumi, Yoshimasa Hayashi, opposition leader Yoshihiko Noda, and Yuichiro Tamaki.
Japan's super-long bonds fall as PM Ishiba's aide intends to resign
Japanese super-long dated bonds experienced a downturn, pushing yields to unprecedented highs amid renewed concerns about the nation's financial stability. This market reaction followed news of a close aide to Prime Minister Shigeru Ishiba intending to resign. The 30-year JGB yield surged by 8 basis points to 3.28%, while the 20-year JGB yield climbed 7 bps to 2.
Sterling, yen dragged by fiscal and political worries
The British pound and yen faced pressure amid global fiscal concerns and Japanese political uncertainty. UK's borrowing costs surged, impacting sterling, while Japan's yen weakened following a ruling party official's resignation announcement. This boosted the dollar against other currencies. Investors are also closely monitoring upcoming U.S.
High living costs, Chinese aggression: Challenges for Japan's new PM Shigeru Ishiba
Shigeru Ishiba has been confirmed as Japan's new prime minister by parliament. He now faces the challenge of addressing rising living costs and internal party scandals. Ishiba has selected key officials for his cabinet and is preparing for an upcoming snap election. He aims to enhance Japan's security amidst regional tensions with China and North Korea.
Japan's incoming PM Shigeru Ishiba sets October 27 date for snap election
Japan's incoming prime minister Shigeru Ishiba announced a snap election for Oct. 27, following his victory in the ruling Liberal Democratic Party leadership race. Ishiba is set to replace Fumio Kishida and has made key cabinet appointments, including Katsunobu Kato as finance minister and Yoshimasa Hayashi as chief cabinet secretary.
Japan's Nikkei plunges 4% on stronger yen after Ishiba win
Japan's Nikkei share average fell over 4% due to a stronger yen after Shigeru Ishiba, perceived as a monetary policy hawk, won the prime ministerial contest. The broader Topix index also declined, and government bond yields rose. Ishiba's stance on monetary policy remains unclear as he assumes office on Tuesday.
Dollar weakens after inflation data, Yen surges on Ishiba win
The dollar fell after U.S. inflation data showed easing price pressures, while the yen strengthened as Shigeru Ishiba was set to become Japan's next prime minister. The Federal Reserve's recent interest rate cut and consumer spending figures also influenced market movements.
Nikkei rallies 2% on softer yen, Japan leadership contest in spotlight
Japan's Nikkei share average surged over 2% as the yen softened, following Sanae Takaichi's lead in the first round of the ruling Liberal Democratic Party's leadership election. Takaichi, a supporter of Abenomics, advocates for monetary easing and fiscal stimulus, which boosted investor sentiment. However, Shigeru Ishiba won in a run-off vote after market hours.
Shigeru Ishiba: The outsider set to lead Japan
Shigeru Ishiba, Japan's new prime minister, known for his solitary nature and intellectual prowess, takes over the ruling Liberal Democratic Party amidst declining public support. Ishiba, a former defense minister, aims to revitalize Japan by decentralizing government agencies and enhancing disaster preparedness while advocating for a more assertive national security policy.
Shigeru Ishiba, Japan's ex-defence minister, set to become next prime minister
Veteran lawmaker Shigeru Ishiba is set to become Japan's next prime minister after winning the ruling Liberal Democratic Party's leadership contest. Ishiba prevailed over Sanae Takaichi in a run-off vote. He faces challenges including rising living costs and a volatile security environment in East Asia. This was his fifth and final attempt.
Nine ruling party candidates in Japan vie to replace outgoing Prime Minister
Nine candidates are vying to replace outgoing Prime Minister Fumio Kishida in Japan's ruling party election. Key contenders include a former defense minister, the son of a former prime minister, and the economic security minister who could become Japan's first female prime minister. The top two vote-getters will advance to a second round.
Bitcoin jumps while Japan holiday dulls most currencies
Bitcoin surged to one-month highs following the Federal Reserve's significant rate cut, while the yen and other major currencies remained stagnant. The Bank of Japan kept interest rates unchanged, affecting the yen's recent gains. U.S. Treasury yields steepened, and economists predict further Fed rate cuts this year.
Currencies listless as markets waffle over Fed rate cut
The yen reached its highest levels for the year amid slow trading due to holidays in Japan, China, and South Korea. Market participants are anticipating the Federal Reserve's rate cut decision this week. The Bank of England and Bank of Japan will also announce policy decisions, influencing global currency movements.
Japan economy rebounds in Q2 with better-than-expected growth
Japan's economy grew by 0.8 percent in the second quarter after a shrinkage in the first, boosted by production and investment. Earlier, Prime Minister Fumio Kishida announced his resignation amid falling poll ratings and internal party dissent.
Japan PM promises to never again wage war, ministers visit controversial shrine
With the Yasukuni Shrine seen as a symbol of Japan's past militarism, Tokyo's ties with China are already particularly strained this year after Beijing conducted unprecedented military exercises around Taiwan following the visit there by U.S. House of Representatives Speaker Nancy Pelosi earlier this month.
Japan's ruling party votes for new leader to replace PM Suga
In the first round of votes, former Foreign Minister Fumio Kishida came in first with 256, only one vote ahead of Taro Kono, the vaccinations minister, but failed to win a majority and moved to a runoff between the two.
5 world market themes for the week ahead
The Federal Reserve has cut its 2021 U.S. growth forecasts and projects a 5.9% rate, versus 7% previously. Upcoming data will show if the coronavirus continues to undermine the recovery. Consumer confidence in September is on tap, after August readings came in well short of estimates, dropping to a six-month low.
Dollar holds upper hand after retail sales boost
US retail sales unexpectedly increased in August, rising 0.7% from the previous month despite expectations of a 0.8% fall, while business sentiment survey by the Philadelphia Fed also showed a big improvement.
5 world market themes for the week ahead
Bank of England governor Andrew Bailey warns Britain's economic bounceback is slowing; upcoming data on jobs, inflation and retail sales will show if he is right - and may provide crucial inputs before the Sept 23 policy meeting.
Popular vaccination minister Kono to enter race for Japan's next leader
Kono's decision to throw his hat in the ring for the leadership of the Liberal Democratic Party (LDP), left open by Prime Minister Yoshihide Suga's announcement last week he would step down, takes the number of candidates to three.
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