Free Trial
US DATA

Used Car Prices Stalled In 1H June

US TSYS

Falling Breakevens Help Cap Yield Gains

COMMODITIES

Oil Sharply Lower Amid Ongoing Demand Concerns

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
JAPAN

Japanese media outlets suggest that the list of main contenders to replace PM Suga as ruling party chief will include Taro Kono, Fumio Kishida and Sanae Takaichi, after a number of reports noted that Shigeru Ishiba may resign from running, with some members of his faction pushing him to back Kono. The press suggested that Taro Kono considers holding a press conference by the end of this week to declare his candidacy for LDP chief.

  • Deputy Prime Minister and Finance Minister Taro Aso yesterday struck a cautious note about Fumio Kishida's ambitious spending pledges. Meanwhile, Kishida told the WSJ that Japan should consider building a missile-strike capacity to fend off threats from China and North Korea.
  • Sanae Takaichi is expected to announce her bid for LDP leadership as soon as today. The former Internal Affairs Minister has the backing of former Prime Minister Abe and, if elected, would be Japan's first female Premier.
  • Sankei reported yesterday that Seiko Noda told PM Suga that she considered running, but it is unclear if she would be able to gather 20 signatures needed to register her candidacy.
  • Kyodo reported that the government eyes calling a special parliamentary session on October 4 to pick the next Prime Minister. Traditionally, the new Premier would deliver a policy speech in the week of their nomination, before being grilled by opposition leaders the following week. According to Kyodo, under this scenario the general election could be held on November 7.
  • The main opposition Constitutional Democratic Party of Japan (CDPJ) pledged to compile a Y30tn supplementary budget to support individuals and businesses affected by the pandemic if they are voted into power and are set to agree on some joint promises with other opposition parties today.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.