Japanese Prime Minister Shigeru Ishiba intends to maintain government control following the Liberal Democratic Party's loss of its parliamentary majority in the recent election. Ishiba pledged to advance national politics and promised a new economic stimulus package. Ishiba acknowledged voter distrust stemming from political funding issues, and LDP admitted these issues influenced the election's "harsh result." This loss marks the first time since 2009 that the LDP fell short of a majority, weakening its position amid inflation concerns and past corruption scandals that split the party.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Japanese Prime Minister Shigeru Ishiba intends to maintain government control following the
00:07Liberal Democratic Party's loss of its parliamentary majority in the recent election.
00:11Ishiba pledged to advance national politics and promised a new economic stimulus package.
00:16Ishiba acknowledged voter distrust stemming from political funding issues,
00:20and LDP admitted these issues influenced the election's harsh result.
00:24This loss marks the first time since 2009 the LDP fell short of a majority,
00:29weakening its position amid inflation concerns and past corruption scandals that split the party.
00:34For all things money, visit Benzinga.com slash GSTV.