Japan, Ishiba
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TOKYO, July 21 (Reuters) - Japan's ruling coalition is certain to lose control of the upper house in Sunday's election, public broadcaster NHK reported , an outcome that further weakens Prime Minister Shigeru Ishiba's grip on power as a tariff deadline with the United States looms.
Good morning. Shigeru Ishiba says he’ll stay put—despite a historic election setback. Some investors worry that disappointing earnings or economic data may derail the S&P 500’s red-hot rally. And Astronomer CEO Andy Byron steps down after the now-infamous Coldplay concert incident.
Asian shares and the yen held their ground on Monday as Japanese elections proved bad for the government but no worse than already priced in, while Wall Street futures braced for earnings from the first of the tech giants.
The Japanese government said it is responding to "crimes and nuisances committed by some foreigners and inappropriate use of various systems."
With his calls to limit foreign workers, fight globalism and put “Japanese First,” Sohei Kamiya has brought a fiery right-wing populism to Japan’s election on Sunday.
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Shigeru Ishiba is clinging on to power after the latest rebuke from the electorate. With crucial trade talks on the line, it’s time for him to go.
The ruling LDP coalition may lose its upper house majority.