Japan's Shigeru Ishiba confirmed as prime minister, set to unveil cabinet

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Japan's Shigeru Ishiba confirmed as prime minister, set to unveil cabinet - Business Standard

Quick Summary:

A third of respondents to a weekend poll by the Mainichi newspaper said they supported the LDP, versus 15 per cent for the main opposition Constitutional Democratic Party of Japan.

The Nikkei stock index fell nearly 5 per cent on Monday in reaction to a surging yen following Ishiba's win over Sanae Takaichi, a monetary dove and fiscal expansionist, in Friday's leadership contest.

The 67-year-old former defence minister won a close-fought contest last week to lead the ruling Liberal Democratic Party (LDP).