Almost 4% of Nikkei falls after Ishiba is elected leader of the ruling party. After being chosen as the new leader of the Liberal Democratic Party on Friday, Shigeru Ishiba speaks at the organization’s Tokyo headquarters.
Following the election of former Defense Minister Shigeru Ishiba as leader of the ruling Liberal Democratic Party, Japan’s benchmark Nikkei index fell more than 4% on Monday.
Shigeru Ishiba speaks at Liberal Democratic Party headquarters in Tokyo after being elected the party’s new leader Friday. | concerned that Ishiba may raise taxes, the prime minister-to-be, who takes office on Tuesday, has stated that he supports the Bank of Japan’s decision to raise interest rates..
Shigeru Ishiba speaks at Liberal Democratic Party headquarters in Tokyo after being elected the party’s new leader Friday. |
Almost 4% of Nikkei falls after Ishiba is elected leader of the ruling party. After being chosen as the new leader of the Liberal Democratic Party on Friday, Shigeru Ishiba speaks at the organization’s Tokyo headquarters.
Following the election of former Defense Minister Shigeru Ishiba as leader of the ruling Liberal Democratic Party, Japan’s benchmark Nikkei index fell more than 4% on Monday.
Shigeru Ishiba speaks at Liberal Democratic Party headquarters in Tokyo after being elected the party’s new leader Friday. | Jiji
AFP-Jiji, Bloomberg
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Sep 30, 2024
Though investors are concerned that Ishiba may raise taxes, the prime minister-to-be, who takes office on Tuesday, has stated that he supports the Bank of Japan’s decision to raise interest rates..
Shigeru Ishiba speaks at Liberal Democratic Party headquarters in Tokyo after being elected the party’s new leader Friday. | Jiji
AFP-Jiji, Bloomberg
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Sep 30, 2024
Japan’s key Nikkei index fell over 4% on Monday after former Defense Minister Shigeru Ishiba was elected head of the ruling Liberal Democratic Party.
Ishiba, set to become prime minister on Tuesday, has said he supports the Bank of Japan raising interest rates while investors are also worried he might raise taxes.
Ishiba’s selection Friday came after trading in Tokyo had closed for the day. The 225-issue Nikkei stock average had jumped 2.3% before the final result as traders bet on a victory by Sanae Takaichi, who opposes higher rates.
Ishiba made his choice on Friday after Tokyo’s trading session had ended. Prior to the announcement, the 225-issue Nikkei stock average had increased 2.3% as investors placed bets on Sanae Takaichi, an opponent of higher interest rates, winning.
Ishiba made his choice on Friday after Tokyo’s trading session had ended. Prior to the announcement, the 225-issue Nikkei stock average had increased 2.3% as investors placed bets on Sanae Takaichi, an opponent of higher interest rates, winning.
