Japan’s Prime Minister Shigeru Ishiba announced Sunday that he will resign, following growing calls from within his party to take responsibility for a historic defeat in July’s parliamentary election.

Some politicians and commentators in Japan are reportedly worried that resigning Prime Minister Shigeru Ishiba may break from tradition in an apologetic message about the country’s actions in.

Ruling party lawmakers in Japan prepared their bids to replace outgoing premier Shigeru Ishiba, as financial markets recoiled on the political uncertainty.

Ishiba came into the prime ministership last year with the odds already stacked against him. The LDP was a fractured party with waning public support.

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Japan's Prime Minister Shigeru Ishiba resigns following pressure from the Liberal Democratic Party after substantial election losses. The decision preempts a scheduled leadership vote, amid internal party divides.

Japanese PM Shigeru Ishiba announced his resignation, stepping down on the eve of a key Liberal Democratic Party (LDP) meeting.

LDP lawmakers are scheduled to vote on Sept 8 whether to hold an extraordinary leadership election. Read more at straitstimes.com. Read more at straitstimes.com.