Japanese PM Kishida announces September resignation amid political scandals and inflation.

Japanese PM Fumio Kishida announced his decision to step down in September, ending a three-year term marked by political scandals and rising prices. Kishida's departure follows public discontent over the Liberal Democratic Party's (LDP) ties to the Unification Church and financial scandals, as well as increasing inflation. The LDP will need to select a new leader who can address rising living costs and geopolitical tensions with China, possibly affecting risk assets like equities.

August 14, 2024
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