Japan's election outcome may put the central bank in a double bind as prospects of big spending could keep inflation elevated while potentially prolonged political paralysis and a global trade war provide compelling reasons to go slow on rate hikes.

Its leader is a former supermarket manager who created his political party on YouTube in the depths of the coronavirus pandemic and campaigned on the Trumpian message “Japanese First.”

With Ishiba fending off reports that he would be resigning in a month following poor election results, the Japanese agree to pour $550 billion

The fringe far-right Sanseito party emerged as one of the biggest winners in Japan's upper house election, gaining support with warnings of a "silent invasion" of immigrants.

World markets are mixed after U.S. stock indexes hit new records. Oil prices fell and U.S. futures were little changed.

Japan's prime minister is clinging to power today, but his outlook remains uncertain. This follows a weekend election that delivered several surprises. HPR's Bill Dorman has more in today's Asia Minute.

Japanese markets were closed for a holiday, but the rise in the yen and Nikkei futures showed investors had already priced in the election outcome.

The embattled prime minister said he would remain in office to oversee tariff talks with the United States and other pressing matters.