Japan’s next PM eyes snap election, reports say, as stocks sink …C0NTINUE READING HERE >>>
Japanese reports said incoming prime minister Shigeru Ishiba is set to call snap elections for the end of October.
Photo: KIM KYUNG-HOON / POOL/AFP
Source: AFP
Japan’s incoming prime minister Shigeru Ishiba is poised to call snap elections for October 27, local media reported Monday, as equities plunge on a strong yen and fears that tax hikes are on the cards.
Ishiba, who is set to be formally appointed as premier on Tuesday, supports the Bank of Japan’s drive to hike interest rates and has said “there is room” to hike corporate levies.
The leadership contest for the ruling Liberal…
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