SHIGERU ISHIBA
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.
Volatility risks rise in Japan with the exit of PM Ishiba
Japanese markets brace for instability as Prime Minister Ishiba's departure looms, triggering yen pressure and potential sovereign bond sell-offs. Uncertainty surrounds the fiscal policies of potential successors and the Bank of Japan's rate hike trajectory. Concerns over rising JGB yields could spill over into global debt markets, already sensitive to fiscal pressures.
Let's explain how Japan will pick its next leader
Japan faces a leadership transition as Prime Minister Shigeru Ishiba is set to resign amidst the LDP's loss of parliamentary majorities. The LDP will first elect a new president through a process involving lawmakers and party members.
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.
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Indian Amb Sibi George calls Japan 'steadfast partner' of India as he bids farewell
Indian Ambassador to Japan Sibi George has expressed his heartfelt appreciation for the support he received in strengthening India-Japan relations during his tenure in the country, as he prepares to leave his post, the Japan Times reported.
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 30-year auction tests a jittery bond market as global yields surge
Global debt markets are uneasy due to increasing fiscal deficits. Japan's super-long government bond auction is the latest test. Thirty-year bonds are a pain point for Japan, the US, and Europe. Investors demand higher yields for holding longer debt. Japan's Ministry of Finance aims to sell 30-year paper. Political uncertainty and global yield increases affect the JGB market.
Japan's budget demands hit record $831 billion as political uncertainty increases
Japan's budget requests for the next fiscal year have reached a record high for the third consecutive year, totaling 122.45 trillion yen, driven by rising debt-servicing costs, defense spending, and social security outlays. Political uncertainty surrounding Prime Minister Ishiba's leadership and potential changes within the LDP are fueling market concerns about fiscal health.
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.
Benchmark JGBs rally after auction shows strong demand
Japanese government bonds saw a surge after a successful auction. Demand for the 10-year notes was the highest in almost two years. Bank of Japan official Ryozo Himino suggested further interest rate hikes. Focus is now on the upcoming 30-year bond auction. Political uncertainty and government spending plans are also impacting the market. The 30-year JGB yield increased slightly.
PM Modi travels on Shinkansen bullet train; visits semiconductor facility in Sendai
Narendra Modi and Shigeru Ishiba traveled on the Shinkansen bullet train. They visited a semiconductor plant in Sendai. The leaders aim to boost collaboration in the critical technology sector. They also discussed the Mumbai-Ahmedabad high-speed rail project. Modi highlighted India's progress in the semiconductor industry. Both countries are committed to strengthening their partnership in this field.
PM Modi gifts vintage ramen bowl with silver chopsticks, pashmina shawl to Japanese counterpart, wife
Prime Minister Narendra Modi gifted his Japanese counterpart Shigeru Ishiba a set of ramen bowls made of precious stone with silver chopsticks, which blends Indian artistry with Japanese culinary tradition. He also gave Ishiba's wife a pashmina shawl in a papier mache box, showcasing Kashmir's artistry and heritage. The gifts symbolise love, balance, and protection.
PM Modi visits semiconductor plant with Japan's Ishiba, reaffirms Indo-Japan tech partnership
Prime Minister Narendra Modi and Japanese counterpart Shigeru Ishiba visited a semiconductor plant in Sendai. They aim to boost collaboration in the semiconductor industry. The leaders traveled by bullet train to the Tokyo Electron Miyagi Ltd facility. Discussions focused on ongoing partnerships and future projects. Both countries seek resilient supply chains in semiconductors and critical minerals.
Japan visit will be remembered for productive outcomes: PM Modi
Narendra Modi completed his two-day Japan visit. He thanked Japanese PM Shigeru Ishiba for the hospitality. Both leaders reviewed the India-Japan partnership, focusing on various sectors. Japan pledged a $68 billion investment in India. They explored collaboration in semiconductors and clean energy. Modi and Ishiba visited a semiconductor factory. Modi also interacted with the Indian community in Sendai.
Trump demand for Japan to buy more US rice snagged trade talks, Nikkei says
Trade talks between Japan and the U.S. hit a snag as Japan strongly objected to a Trump administration request to buy more American rice, according to the Nikkei. This demand contradicted a previous agreement where Japan wouldn't need to lower agricultural import tariffs. The cancellation of a U.S.
PM Modi heads to China for SCO summit after sealing 13 key pacts with Japan
Prime Minister Modi concluded a productive two-day visit to Japan, marked by 13 key agreements and a commitment to deepen the India-Japan special strategic partnership. Japan pledged an investment of 10 trillion yen in India over the next decade, alongside pacts boosting defence ties and economic cooperation. Following this, Modi departed for China to attend the SCO summit in Tianjin.
Onboard dosti express: Japan PM travels with Modi on Shinkansen bullet train from Tokyo to Sendai, see pics inside
Narendra Modi visited Japan and rode the Shinkansen bullet train with Shigeru Ishiba. They travelled to Sendai and discussed defence, economy and technology. Modi greeted Indian train drivers and toured a semiconductor facility in Miyagi Prefecture. The plant aims to boost Japan's chip-making industry and strengthen India-Japan technology partnerships. The facility will produce semiconductor wafers.
PM Modi arrives in Japan on two-day visit
Narendra Modi is in Japan for a two-day visit. He will meet Shigeru Ishiba, the Japanese PM. They will discuss strengthening ties. Focus will be on economic and tech cooperation. Modi aims to boost investment and AI collaboration. After Japan, Modi will visit China. He will attend the SCO summit in Tianjin.
PM Modi's Japan visit: E10 Shinkansen high-speed bullet train, defence upgrade and QUAD focus, here's the agenda
Prime Minister Narendra Modi's two-day visit to Japan aims to strengthen the strategic partnership with PM Shigeru Ishiba, focusing on economic ties, emerging technologies like AI and semiconductors, and defense cooperation. Both countries will upgrade security cooperation and explore co-development of defense equipment. They will also prioritize collaboration in the semiconductor sector and high-speed railway technology.
Japan to invest 10 trillion yen in India over in next one decade
India and Japan strengthened their partnership. Japan pledged to invest 10 trillion yen in India in the next decade. This happened during a meeting between Narendra Modi and Shigeru Ishiba. Both countries will cooperate on critical minerals, defence, and technology. They aim to promote peace and stability in the Indo-Pacific region. The partnership focuses on mutual trust and shared values.
Time to take Indo-Japan ties to next level
Narendra Modi will visit Japan and China. He will attend a summit with Shigeru Ishiba in Tokyo. Modi will also participate in the SCO meeting in Tianjin. India and Japan will enhance cooperation in defense and technology. They will also focus on trade and investment. A new investment target from Japan is expected. Both countries will strengthen people-to-people connections.
PM Modi likely to hold discussion on Quad with his Japanese counterpart amid strained ties with US
India's Ambassador to Japan, Sibi George, underlined the importance of Quad amid the strained ties with the US and suggested that a discussion is likely to take place between Prime Minister Narendra Modi and his Japanese counterpart, Shigeru Ishiba, during the former's visit to Tokyo.
Record yields, easing pressure on PM Ishiba fuel Japanese bonds rally
Japanese government bonds rebounded as attractive yields and easing political pressure on Prime Minister Ishiba spurred buying. Dovish comments from a Bank of Japan board member further boosted sentiment. However, demand at a two-year note auction was weak, raising concerns about future auctions despite recent yield highs on 10-year and 30-year bonds.
Japanese government bonds hold steady after tumultuous week
Japanese government bonds stabilized on Monday after a volatile week. Fiscal concerns had previously driven super long-term yields to record highs. The benchmark 10-year JGB yield remained steady. Investors are cautious due to domestic politics and fiscal policy. Yields on 30-year JGBs stayed at their all-time peak. A poll showed a rebound in public approval for Prime Minister Shigeru Ishiba.
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