Ishiba Exit Adds to Risks for Japan Long Bonds, Sends Yen Lower
Shigeru Ishiba departs after resigning during a news conference in Tokyo, on Sept. 7.
Photographer: Toru Hanai/Bloomberg
Japanese markets face more instability as investors prepare for the departure of Prime Minister Shigeru Ishiba and the guessing game of who comes next.
The yen slid as much as 0.8% against the dollar on Monday, after being among the weakest of its Group of 10 peers last week. Japanese stocks, which often benefit from the currency’s depreciation, advanced.