Japan, upper house
Digest more
Japan PM Ishiba vows to stay on
Digest more
A fringe far-right populist party in Japan was one of the biggest winners in the weekend's upper house election.
The Japanese government said it is responding to "crimes and nuisances committed by some foreigners and inappropriate use of various systems."
17h
AFP on MSNMAGA-style 'anti-globalist' politics arrives in JapanPopulist ideals are gaining traction in Japan, spurred by right-wing politicians running rampant elsewhere railing against "elitism", "globalism" and immigration.This includes "stricter rules and limits" on immigration and foreign capital,
Japan's shaky minority government is poised for another setback in an upper house vote on Sunday, an outcome that could jolt investor confidence in the world's fourth-largest economy and complicate tariff talks with the United States.
Unlike the European Union, the Japanese government has made no indication it plans to impose any kind of reciprocal tariff on the U.S.
The election Sunday is about inflation that has been running between 3.5 percent and 4 percent.
"Relative to other countries, Japan is a net creditor. So you do have, in theory, a lot of funds on the sidelines, from domestic institutions who have invested abroad, which could cap any sharp and dislocation in yield spikes over the medium term," MUFG's Wan said.
The treasury secretary said the inner workings of the Japanese government are not a priority, in an apparent check on Tokyo's aim to review U.S. automobile tariffs.