Japan Stumbles Into Macro Limelight With Political ‘Shocker’

Japan Stumbles Into Macro Limelight With Political ‘Shocker’

Japanese stocks surged Friday after Prime Minister Yoshihide Suga bowed out of the upcoming ruling LDP leadership election. Effectively, he resigned. "It was pretty spare," someone said, of his press conference. He took just one question. His premiership is over just a year after it began. Shinzo Abe stepped down as Japan’s longest-serving prime minister a year ago last month. "Since I became prime minister, dealing with coronavirus has been at the center of my efforts," Suga said. "Dealing
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