Japan PM Shigeru Ishiba vows to stay on after bruising election defeat
Shigeru Ishiba
vowed to remain in his post on Monday after his ruling coalition suffered a bruising defeat in upper house elections, prompting some in his own party to doubt his leadership as the opposition weighed a no-confidence motion.
The embattled prime minister told a news conference he would remain in office to oversee tariff talks with the United States and other pressing matters, such as rising consumer prices that are straining the world's fourth-largest economy.
Explore courses from Top Institutes in
Select a Course Category
MCA
Technology
Others
PGDM
Healthcare
Design Thinking
Data Analytics
healthcare
Public Policy
others
Management
Finance
Operations Management
Project Management
Data Science
CXO
Cybersecurity
Degree
MBA
Leadership
Artificial Intelligence
Data Science
Product Management
Digital Marketing
Skills you'll gain:
Programming Proficiency
Data Handling & Analysis
Cybersecurity Awareness & Skills
Artificial Intelligence & Machine Learning
Duration:
24 Months
Vellore Institute of Technology
VIT Master of Computer Applications
Starts on
Aug 14, 2024
Get Details
"I will stay in office and do everything in my power to chart a path toward resolving these challenges," Ishiba said, adding that he intended to speak directly with US President
Donald Trump
as soon as possible and deliver tangible results. Analysts say his days may be numbered, however, having also lost control of the more powerful lower house in elections last year and shedding votes on Sunday to opposition parties pledging to cut taxes and tighten immigration policies.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Finally A Life Insurance Option Designed for Seniors 65+
Best Life Insurance
Learn More
Undo
"The political situation has become fluid and could lead to a leadership change or the reshuffling of the coalition in coming months," said Oxford Economics' lead
Japan
economist
Norihiro Yamaguchi
.
Investors fear Ishiba's administration will now be more beholden to opposition parties advocating for tax cuts and welfare spending that the world's most indebted country can ill afford.
Live Events
The 68-year-old leader said he had no plans to expand his coalition but would work with opposition parties to address voter concerns about inflation. He cautioned, though, that tax changes would not deliver the immediate help households need. Markets in Japan were closed for a holiday on Monday, although the yen strengthened and
Nikkei futures
rose slightly, as the election results appeared to be priced in.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
14 minutes ago
- Time of India
Nikhil criticises Congress govt for neglecting farmers and development
Chikkamagaluru: JD(S) Youth Wing state president Nikhil Kumaraswamy took exception against the Congress govt and charged that the govt is not in a position to supply fertilisers to farmers. He claimed that agriculture minister N Cheluvarayaswamy has fallen into a deep sleep. He was addressing the gathering during the JD(S) membership drive of the Sringeri assembly constituency in Koppa on Thursday. The state govt and the agriculture minister have no concern for the farming community. When Union minister HD Kumaraswamy was the chief minister, transformers were installed for just Rs 25,000, but today the govt charges Rs 2.5 lakh, he said. Nikhil strongly opposed forest minister Eshwar Khandre's order prohibiting cattle grazing in the state's forest areas and said these irresponsible statements can result in the collapse of govt's administration. "In the Sringeri constituency, roads were full of potholes everywhere. The govt turned bankrupt to fix them," he mocked. Many people have built houses here, but they have not been given title deeds. In no way have the Congress legislators shown any commitment to the development of the constituency, he criticised. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An Australian MBA with IIM certification IIMK UWA Undo Highlighting the death of a residential school girl, Shamitha, he said he would bring the issue to the notice of Kumaraswamy and assured a transparent investigation. The court instructed to conduct zilla panchayat and taluk panchayat elections, but the govt lacks the confidence to hold elections. The Congress is looting people's money, he criticised the Congress. Congress held a Sadhana Sammelan in Mysuru, but the Congress should answer what achievements have been made in the state. "For the Congress govt, political infighting is more important than the development of the state," he criticised.
Time of India
14 minutes ago
- Time of India
Panchayat polls turn into cultural carnival in US Nagar
Rudrapur: As the three-tier panchayat elections progress in Udham Singh Nagar, campaigns across the district have taken on a festive, culturally vibrant flavour — blending politics with folk beats, traditional rallies, and even celebrity appearances. Earlier this week, former jila panchayat president and Bhangaa seat candidate Renu Gangwar organised a roadshow featuring Haryanvi pop star and dancer Sapna Choudhary, drawing massive crowds on Tuesday. "Such events help connect emotionally with the rural youth and women voters," said a campaign volunteer. In Dopahariya, candidate Gurdas Kalra held a tractor and bullock cart rally, aiming to project a strong pro-farmer image. The procession passed through multiple agricultural hamlets, with supporters joining in large numbers, giving the campaign the feel of a rural fair. Meanwhile, several candidates across blocks like Kuraiya have continued using folk songs, often performed by local artists with lyrics on ploughing, sowing, and irrigation—blended with political slogans to connect with the farming community. Others have turned to traditional performances featuring instruments like the dhol, damaru, and nagara, with supporters dancing in ethnic attire as candidates campaign on foot. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo These elements have become a daily fixture on the campaign trail in many rural pockets. Sahab Singh, a block development committee candidate from Chhatrapur, has been drawing attention by singing his own campaign songs through a loudspeaker during door-to-door visits. Polling concluded peacefully on Thursday in Khatima, Sitarganj, Gadarpur, and Bazpur blocks. Voting in Rudrapur, Jaspur, and Kashipur is scheduled for July 28. Chief minister Pushkar Singh Dhami also cast his vote on Thursday at a govt primary school in Nagla Tarai area of Khatima. His mother, Vishna Dhami, accompanied him.
Time of India
15 minutes ago
- Time of India
Eviction drive fuels exodus of Uriamghat families to ancestral lands
Guwahati: In the wake of Assam's aggressive eviction operations targeting encroachers in Rengma Reserve Forest, a significant exodus of goods-laden vehicles is underway from Uriamghat, signalling one of the state's largest eviction drives. Authorities in Nagaland have issued warnings to districts about potential illegal migrant movements as families, served with eviction notices, depart for ancestral homes in central Assam's Nagaon and Morigaon districts. The relocation has sparked concerns among residents of Nagaon and Morigaon about potential land disputes, particularly with the influx of numerous Muslim families, some of East Pakistan/Bangladesh origin. Over 70% of the families who received eviction notices have vacated the area, where many had settled since the 1970s, raising fears they might occupy other government or forest lands if relatives refuse to accommodate them. "We are keeping a watch on the movement of people from Uriamghat to Nagaon," said Nagaon district commissioner Devashish Sharma. "Many families coming into our district have their own lands in Nagaon. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo For those who have lands in Nagaon district, it has also been verified where these people are going to resettle. However, all land revenue staff have been put on alert to report immediately if people who do not have roots in that area in Nagaon district enter," he added. Govt sources reveal most families are relocating to minority-populated areas like Juria in Nagaon and Dhing in Morigaon. The question remains whether relatives will accept these families on their ancestral lands after their extended stay in Uriamghat. Officials confirm that families or their ancestors listed on land deeds will receive their share, but complications arise as many families previously sold their land portions to relatives who may be unwilling to return these shares from already limited plots. Simanta Bora, Nagaon district unit president of the All Assam Students' Union, said, "There have been movements of vehicles and trucks from Uriamghat to Nagaon and Morigaon in the last few days. If they resettle in their own lands, we do not have any problem. But in the name of resettlements, these families should not be allowed to encroach govt or forest lands again. We are monitoring the situation." Despite public declarations from some Muslim-populated areas refusing to accept encroachers, those relocating remain determined to settle in their ancestral lands. "Our people are not Bangladeshis but Indian citizens. That's why we are going to Nagaon and Morigaon in the heart of Assam. We hope our relatives will understand our plight," said Abdul Hanif of Juria. He added, "When we went there to Uriamghat for farming and save Assam lands from encroachment attempts by Nagas, the Assam govt did not drive us out from there. We lived there for five decades, but today destiny has forced us to resettle in our own lands. We accept it."
