Japan, Upper House
Digest more
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
There are growing calls from within Japanese Prime Minister Shigeru Ishiba's own party for him to step down, after the ruling coalition lost its majority in the Upper House. Mr Ishiba however says taking true responsibility means not resigning but staying on to tackle challenges,
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.
When you buy through links on our articles, Future and its syndication partners may earn a commission.
JGB yield rose to the highest since October 2008 at 1.595% last Tuesday after opinion polls increasingly pointed to opposition gains. The 30-year yield shot to an all-time peak of 3.2%, and the 20-year yield leapt to the highest since November 1999 at 2.