2024-09-28 00:24:38

Last night, the Liberal Democratic Party of Japan elected a new leader, with Shigeru Ishiba, who has a tough attitude towards the United States, winning the election. He will succeed Fumio Kishida and become the 28th Prime Minister of Japan on October 1, three days later.

Upon his election, the Nikkei 225 index triggered a circuit breaker with a big dump of 2000 points, and the US stock market subsequently showed signs of decline, with the Nasdaq and S&P 500 closing lower and the Dow Jones closing slightly higher.
Will the first move after the new cabinet takes office be a yen interest rate hike to betray the United States?

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