Japan’s LDP reels
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Japan, Upper House
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Japan's election outcome may put the central bank in a double bind as prospects of big spending could keep inflation elevated while potentially prolonged political paralysis and a global trade war provide compelling reasons to go slow on rate hikes.
A bad night for the ruling coalition could cost the prime minister his job and make it harder to strike a deal with Washington before the August tariff deadline.
The Japanese government said it is responding to "crimes and nuisances committed by some foreigners and inappropriate use of various systems."
A weekend election in Japan has made real the prospect of bigger government spending and deficits in the world's most indebted developed nation, although for now foreign investors and a growing economy could keep its bond yields from spiking sharply.
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Koeda Yoshiyuki, a 51-year-old supporter, called Sanseito “the only party that can truly tackle the big problems Japan faces today”. Sanseito relied on social media, especially YouTube, to reach voters disheartened with politics-as-usual.
Despite significant investments in process, technology, and marketing, the number of Americans buying life insurance and annuities has been on a fairly consistent decline for decades. As of 2024, just 59% of Americans reported owning any type of life insurance, according to data from LIMRA. That rate was once as high as 72%
The yen climbed across the board on Monday after beleaguered Japanese Prime Minister Shigeru Ishiba vowed to hang on as leader even though his ruling coalitionlost its majority in Sunday's upper house elections,