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Shigeru Ishiba remains as japan's prime minister! Will build a minority new government.
①Japan's current Prime Minister, Shigeru Ishiba, defeated the opposition party's Constitutional Democratic Party leader, Yoshihiko Noda, to continue serving as prime minister and will reshuffle the cabinet; ②Shigeru Ishiba's new government is a minority government, expected to be constrained by the opposition group, having to seek support from the opposition for many important legislations.
Express News | South Korea plans to issue its first Australian dollar-denominated bonds to attract more foreign investment.
Nomura Holdings: Financial results presentation materials for the 2nd quarter of the fiscal year ending March 31, 2025 US GAAP
The economy is still on the path of recovery, with japan's basic wages posting the largest increase in over 30 years.
The basic wages of Japanese workers have seen the largest increase in over 30 years, supporting the Bank of Japan's view that the economy is still on a path to recovery and providing reasons for potential interest rate hikes in the coming months.
Bank of Japan Meeting Minutes of September: If the economy and inflation meet expectations, the central bank will continue to raise interest rates.
The minutes of the September meeting published by the Bank of japan on Wednesday showed that policymakers unanimously believe that if their economic and price forecasts meet expectations, the central bank will continue to raise interest rates.
The Nikkei average started at 203 yen higher, with rises in companies such as Sakura and Yoshinoya.
[Nikkei Stock Average · TOPIX (Table)] Nikkei Average; 38,677.95; +203.05 TOPIX; 2,673.34; +9.08 [Opening situation] On the 6th, the Nikkei average rose by 203.05 yen to 38,677.95 yen and continued the trade. The US stock market on the previous day, the 5th, rebounded. The Dow Jones Industrial Average ended trading at 42,221.88, up 427.28 dollars, while the Nasdaq ended trading at 18,439.17, up 259.19 points. The uncertainty is dissipating due to the passing of the presidential election.
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