Japan's Prime Minister resigns, will the financial market change direction?

According to Jin Ten Data, Japan's Prime Minister Shigeru Ishiba, who has been in office for less than a year, suddenly announced his resignation on Sunday, taking responsibility for the ruling party's electoral defeat. This news has caused a stir in the market, as concerns about political uncertainty led to a massive sell-off of the yen and Japanese government bonds last week, with the 30-year bond yield reaching a historic high on Wednesday. Investors are now closely monitoring the fiscal and monetary policy direction of the next Prime Minister, with senior Liberal Democratic Party member Sanae Takaichi, who has criticized the Bank of Japan's interest rate hikes, and Minister of Agriculture, Forestry and Fisheries Shinjiro Koizumi being popular candidates for succession. Analysts say the next leader is likely to call for early elections, although polls show nearly 55% of respondents oppose this, the direction of the financial market may soon be rewritten because of this variable!