Japan’s Ishiba Vows to Stay On
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Daily Times on MSNJapan's PM Ishiba holds on despite major election setback
Japanese Prime Minister Shigeru Ishiba is holding onto power after his ruling coalition failed to secure a majority in Sunday's upper house election. His Liberal Democratic Party (LDP), along with coalition partner Komeito,
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.
Japanese PM Shigeru Ishibas coalition fails to secure majority in upper house election, raising concerns over trade negotiations with the US.
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.
What is clear, however, is that most Japanese foresee a rocky economic road ahead. A 52% majority expect economic conditions to worsen over the next 12 months. In 2010, as the national economy showed signs of recovering from the global recession, only 33% of the Japanese public thought economic conditions would deteriorate in the coming year.
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.
Japan was once celebrated as an economic powerhouse, to the extent that in the 1970s, American magazines fueled fears — much as they do today with China — of a Japan poised for global dominance. However, Japan now grapples with the challenges of a recession. The world's fourth-largest economy ...
Still, this is just an opening to reboot the economy, not a guaranteed trend. Japan faces immense demographic challenges. Its population is shrinking by about 0.5% per year and is set to fall from ...