Japan, Upper House
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The Sanseito party tapped into discontent over issues galvanizing voters worldwide: inflation, immigration and a political class dismissed as out of touch.
A fringe far-right populist party in Japan was one of the biggest winners in the weekend’s upper house election
The embattled prime minister said he would remain in office to oversee tariff talks with the United States and other pressing matters.
Moody's has rated Japan A1, the fifth-highest level, with a "stable" outlook since December 2014. But it warned in a report in May that it may downgrade the rating "if prospects increase of a material and sustained widening in fiscal deficits leading to a significant deterioration" in Japan's already high debt burden.
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