The News
Japan’s prime minister is expected to survive a leadership vote Monday, even after his ruling coalition lost its majority last month in a snap election.
Splinters among the main opposition parties clear the way for Shigeru Ishiba to remain as prime minister at a pivotal time for America’s closest Asian ally, with Ishiba vowing to strengthen the country’s military and its US ties.
Donald Trump’s reelection could spark friction between Washington and Tokyo over trade, but the country’s market may be well positioned to ride those waves, the Financial Times’ Leo Lewis argued.
Japanese exporter and defense industry stocks rose after Trump won, and Ishiba’s government will likely be too weak to make any big policy shifts that might shake markets.
