Japan PM Vows to Stay on
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Although Japan’s economy shows signs of returning to normal inflation for the first time in three decades, global headwinds and fiscal fragility pose ongoing challenges.
The Japanese ruling coalition led by Prime Minister Shigeru Ishiba lost its majority in the upper house, marking a political setback. The coalition struggled with economic issues and rising populism.
Sometimes, it’s the pressing election issues that no one is talking about that matter most. Especially when the omission is by design — like the role of women in Japan’s economy.
Ishiba had set the bar low, wanting a simple majority of 125 seats, which means his LDP and its Buddhist-backed junior coalition partner Komeito needed to win 50 to add to the 75 seats they already have.
A slight easing in consumer inflation is welcome news for the Japanese central bank, but stubbornly high food prices will be of concern for policymakers.
Political parties jostle for position and trade barbs but offer no clear plan for Japan’s growing structural challenges.
As nations worldwide race to meet the 2050 carbon neutrality target, Japan has emerged as a key player in implementing "green transformation" (GX)—a comprehensive shift from fossil fuel dependency to renewable energy as a primary power source.
The city of Hiroshima, with its major employer Mazda, faces economic challenges due to U.S. tariffs on automobile imports. Auto parts maker Yuji Yamaguchi's firm, heavily dependent on Mazda, fears significant impact.
Migration, tariffs and other economic issues dominating Japan's upper house election. Read more
Finance chiefs from the Group of 20 advanced and emerging economies said Friday that the global economy is facing