By Junko Fujita and Kevin Buckland TOKYO (Reuters) -Heading into the most consequential Japanese upper house election in memory and a possible defeat for the coalition of Prime Minister Shigeru Ishiba,

Nicholas Smith of CLSA discusses the upcoming Japanese upper house election, saying it will have little impact on markets. He adds that despite the unpopularity of the ruling LDP party, there is a lack of a credible opposition.

“It’s possible Japan might experience its own triple whammy of market turmoil, perhaps a Japanese version of the ‘Trump crisis’ that occurred in April,” said Hideo Kumano, an economist at Dai-Ichi Life Research Institute, referring to a simultaneous fall of stocks, currencies and bonds.

Japan's shaky minority government is poised for another setback in an upper house vote on Sunday, an outcome that could jolt investor confidence in the world's fourth largest economy and complicate tariff talks with the United States.

The World Artificial Intelligence Conference, China's largest AI exhibition, opens in Shanghai. The annual event, lasting four days, is expected to showcase over 3,000 cutting-edge exhibits from tech companies including Alibaba Group, Moore Threads Technologies, QuantumCtek and Tesla.

Japan's Upper House election on July 20 may transform cryptocurrency tax policies, impacting Bitcoin market dynamics and investment growth.

When car maker Mazda sneezes, everyone catches a cold, say people in its hometown of Hiroshima in western Japan, but these days, auto parts maker Yuji Yamaguchi fears a deep chill is on the way.

Japan’s benchmark 10-year government bond yield climbed to its highest level since 2008 ahead of an upper house election.

Japan’s 10-year government bond yield touched the highest level since 2008, increasing the risk that turmoil in the debt market will translate into higher borrowing costs for businesses and consumers.