10/28/2024

Japan's Government is in Flux

The country's recent election gives no party a majority

The make-up of Japan's future government was in flux on Monday after voters punished Prime Minister Shigeru Ishiba's ruling coalition, leaving no party with a clear mandate to lead the world's fourth-largest economy.

The uncertainty sent the yen currency to a three-month low as investors and analysts prepared for days, or possibly weeks, of political wrangling to form a government and potentially a change of leader.

That comes as the country faces economic headwinds, a tense security situation fuelled by an assertive China and nuclear-armed North Korea, and less than a week before U.S. voters head to the polls in another unpredictable election.

Please select this link to read the complete article from Reuters.