This also comes as Japan just finalised a trade deal with its ally, the US, lowering tariffs rates for Japanese goods from 25% to 15%
.
TOKYO (AP) — Japanese Prime Minister Shigeru Ishiba said he will make a decision on resigning over a historic defeat of his ruling party in a weekend election after closely studying the tariff deal just struck with the United States.
Ishiba has been under growing pressure to step down as his ruling Liberal Democratic Party and its junior coalition partner, Komeito, lost their majority in the 248-member upper house, the smaller and less powerful of Japan’s two-chamber parliament on Sunday, shaking his grip on power and Japan’s political stability.
The loss means Ishiba’s ruling coalition, which also lost a majority in the more powerful lower house in October, now lacks a majority in both houses of parliament, making it even more difficult for his government to achieve any policy goals and worsening Japan’s political instability.
RELATED
No comments:
Post a Comment