Japan PM Ishiba refutes reports about his resignation | investingLive

• Did not discuss my resignation at all
• There’s absolutely no truth to media reports about my intention to resign

He’s still not officially conceding yet but at this point, his fate is very much sealed. Japan’s ruling LDP party will be holding an internal meeting on 31 July and one can expect that to be the last straw for Ishiba, if not in the next few days. Again, this all throws things into disarray with regards to how Japan will proceed with the trade deal with the US.

There’s definitely a mixed mood among Japanese assets with equities rallying, ignoring the selloff in the bond market. Meanwhile, the yen is bouncing up and down in trying to balance out the trade news and political uncertainty.

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