Japan’s Governing Party Selects Next Prime Minister, Yen Strengthens

  • September 27, 2024

Japan is set to get a new leader and the market seems to be betting he will be hawkish on monetary policy as the yen strengthened sharply. Shigeru Ishiba narrowly won a vote in the ruling Liberal Democratic Party on Friday to become party leader, and the LDP-controlled parliament will meet Tuesday to elect him prime minister.