Japanese Prime Minister Shigeru Ishiba, 68, announced his resignation after just 11 months in office, citing responsibility for the Liberal Democratic Party’s (LDP) electoral defeats.
The resignation follows the LDP-Komeito coalition’s loss of majority in Upper House elections. An emergency LDP leadership contest will now take place, with contenders including Sanae Takaichi (a critic of BoJ’s rate hikes) and Shinjiro Koizumi (Farm Minister and rising political figure).
