Japan's Prime Minister Resigns
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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.
Japan's benchmark Nikkei 225 jumped 0.9% to a record high, notching a second straight day of gains after the country's Prime Minister Shigeru Ishiba announced his resignation Sunday. The Topix rose 0.52%.
Ishiba's resignation, while sudden, is the culmination of a much longer crisis in Japan. We explain the full picture.