Japan, Ishiba and upper house
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Japan’s shaky ruling coalition is likely to lose its majority in the upper house, exit polls showed after Sunday’s election, potentially heralding political turmoil as a tariff deadline with the United States looms.
Investors will be keeping a close watch on the People’s Bank of China’s decision on its 1-year and 5-year loan prime rates for July, expected later in the day.
The share of votes garnered by the Liberal Democratic Party (LDP) and its junior coalition partner Komeito in the proportional representation
The lawyers argued that the apportionment provisions for Upper House seats did not meet the constitutional requirement of population-based proportional representation.
Japanese voters are participating in a crucial upper house election that could determine the fate of Prime Minister Shigeru Ishiba's leadership amidst rising inflation and trade tensions with the US.
Takahiro Anno, leader of the political group Team Mirai, is set to secure his first victory in the July 20 House of Councillors proportional ・・・