Japan could be in a weaker position in trade talks
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Japan PM Ishiba vows to stay on
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Japanese Prime Minister Shigeru Ishiba is contemplating resignation pending the result of U.S.-Japan tariff talks. Facing criticism within his party after an election setback, Ishiba's decision hinges on the trade deal expected by August 1.
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World markets are mixed after U.S. stock indexes hit new records. Oil prices fell and U.S. futures were little changed.
Asia-Pacific markets traded mixed on Tuesday, despite overnight gains on the S&P 500 and Nasdaq, driven by optimism over strong corporate earnings. Read more details here.
Japanese Prime Minister Shigeru Ishiba sought to buy time for his premiership following a second election setback in less than a year that leaves him in a weaker position to stave off opposition tax cut demands or secure a last-minute trade deal with the US.
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.
Internal rivals and a resurgent nationalist right are jeopardising Prime Minister Shigeru Ishiba's already precarious position With his grasp on power slipping, Japan's Prime Minister Shigeru Ishiba has vowed to remain in office despite a stinging electoral rebuke that plunged his ruling coalition into fresh turmoil.
Japan's Liberal Democratic Party, which Prime Minister Ishiba leads, secured 47 seats in parliament, short of the 50 it needs for a majority.