Speaking at a press conference, Ishiba emphasized his commitment to addressing urgent economic challenges, including rising consumer prices and looming US tariffs set to take effect on August 1. “I will stay in office and do everything in my power to chart a path toward resolving these challenges,“ he said.
“The political situation has become fluid and could lead to a leadership change or the reshuffling of the coalition in coming months,“ said Norihiro Yamaguchi, lead Japan economist at Oxford Economics.
Meanwhile, the far-right Sanseito party made significant gains, securing 14 additional seats. The party, which gained traction through anti-immigration rhetoric and conspiracy theories, signals a potential shift toward populism in Japanese politics.
As Japan’s chief tariff negotiator heads to Washington for talks, the political and economic uncertainty deepens. - Reuters
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