Japan, Shigeru Ishiba
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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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Its leader is a former supermarket manager who created his political party on YouTube in the depths of the coronavirus pandemic and campaigned on the Trumpian message “Japanese First.”
The Japanese government said it is responding to "crimes and nuisances committed by some foreigners and inappropriate use of various systems."
Japanese Prime Minister Shigeru Ishiba on Monday stressed the need to establish a common understanding among parties on the pros and cons of cutting the country's sales tax rate.
With his calls to limit foreign workers, fight globalism and put “Japanese First,” Sohei Kamiya has brought a fiery right-wing populism to Japan’s election on Sunday.
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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.
Shigeru Ishiba is clinging on to power after the latest rebuke from the electorate. With crucial trade talks on the line, it’s time for him to go.