Summary
- It reported that the resignation of Prime Minister Shigeru Ishiba has widened uncertainty in Japan's financial markets.
- Experts said that, along with concerns about fiscal spending, Japan's long-term government bonds appear vulnerable.
- Bloomberg said it expects investor uncertainty to rise until a new leader emerges.
With Japan's Prime Minister Shigeru Ishiba announcing his resignation, uncertainty in the financial markets appears to be widening.
On the 8th (Korean time), Bloomberg reported that Prime Minister Ishiba had decided to resign. Behind Ishiba's resignation are a series of election defeats, including the recent House of Councillors election.
Economic uncertainty is also expected to increase following Ishiba's resignation. Experts said, "With concerns over fiscal spending growing, long-term government bonds appear vulnerable."
Bloomberg explained, "It is expected to heighten investor uncertainty over the coming weeks until a new leader emerges."
Uk Jin
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