Japan PM's touted a 'new capitalism' aimed at narrowing income disparities. It drove the Japanese stock market into an 8-day 6.8% slump.
Japan's Prime Minister and ruling Liberal Democratic Party leader Fumio Kishida speaks as he joins a live interview with news channels individually at the party headquarters on October 31, 2021 in Tokyo, Japan. Japan took to the polls today in a general election that is expected to return the ruling Liberal Democratic Party to power.Japanese PM Fumio Kishida wants his country to start adopting a new form of capitalism.
His newly announced plan to tax profits on investments has riled businesses, who say it will scare off investors.Get a daily selection of our top stories based on your reading preferences.By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our
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Japan startup targets supercar users with $700,000 hoverbikeWATCH: Tokyo-based drone startup A.L.I. Technologies unveiled a black and red hoverbike that consists of a motorcycle-like body on top of propellers. The machine that costs $680,000 rests on landing skids when stationary
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Japan votes in national election, 1st key test for KishidaTOKYO (AP) — Japanese voters are casting ballots in national elections Sunday, a first big test for Prime Minister Fumio Kishida to determine if he has a large enough mandate to tackle a coronavirus-battered economy, a fast-aging and dwindling population and security challenges from China and North Korea.
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Japan votes in national election, 1st key test for KishidaJapanese voters are casting ballots in national elections Sunday, a first big test for Prime Minister Fumio Kishida to determine if he has a large enough mandate to tackle a coronavirus-battered economy, a fast-aging and dwindling population and security challenges from China and North Korea. Up for grabs are 465 seats in the lower house, the more powerful of the two-chamber Japanese Diet, or parliament. Kishida's governing Liberal Democratic Party is expected to lose some seats from pre-election levels, but maintain a comfortable majority together with its junior coalition partner Komeito.
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Japan confronts rising inequality after AbenomicsJapan's stock market has surged and luxury cars are selling fast in Tokyo after eight years of economic stimulus under Abenomics, but that new wealth is concentrated in a small slice of society rather than broadly distributed, data show.
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Asian markets rise, led by post-election rally in JapanStocks advanced in Asia on Monday, with Tokyo’s benchmark up 2.2% after the ruling Liberal Democrats won a stronger than expected majority in an election...
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Japan election: Ruling LDP retains majority - exit pollsPrime Minister Fumio Kishida's ruling LDP party wins enough votes to stay in power, exit polls say.
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