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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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Yomiuri reports that former Japanese Defence Minister Shigeru Ishiba will resign from running in LDP leadership race and is expected to announce his decision at a meeting of his faction tomorrow. The newspaper cited people close to Ishiba as noting that he will back Taro Kono.

  • The recent opinion polls showed that Ishiba was the second most popular candidate for LDP leader and Prime Minister, trailing only Kono.
  • The news that Ishiba won't be throwing his hat in the ring comes as no surprise, as a number of source report circulated over the last week or so suggested as much.
  • Asahi reported that Kono visited Ishiba in his office yesterday to ask for support. Kono left after around 20 minutes, while Ishiba relayed that he did not give a definite answer.
  • Meanwhile, Yomiuri reported that the LDP faction led by Finance Minister Taro Aso remains split on whether to back Kono, although he is a member. Some members of the Aso faction are reportedly inclined to support Kishida's bid.
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