Japan’s PM Ishiba to Step Down, Paving Way For New Leader

Japanese Prime Minister Shigeru Ishiba has announced his intention to step down, following two consecutive election losses for his party. The decision will trigger a leadership race within the ruling party, which is expected to generate uncertainty among investors. Ishiba's resignation comes after weeks of calls for his departure, as his party struggled to maintain its political dominance. The upcoming leadership contest is likely to shape the future direction of Japan's economic and political policies, which could have significant implications for the country's domestic and international affairs. The article suggests that Ishiba's decision to step down may signal a shift in the political landscape, potentially leading to the emergence of a new leader who could bring about changes in Japan's policies and priorities. However, the report emphasizes that the leadership transition may also create concerns for investors, who are seeking stability and predictability in the country's governance.