Japan’s New Government

Leonid Savin- There are other factors indicating the upcoming weakening of the yen, including speculative purchases.

On October 1, Shigeru Ishiba was sworn in as Japan’s new prime minister. The government resigned in full and the new head immediately started forming his cabinet. These changes were expected, since the day before Ishiba won the election of the head of the Liberal Democratic Party (LDP), which, along with the Komeito party, has a majority in both houses of parliament.

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