Man Arrested in Japan After Attack on Governing Party Headquarters

Published On Oct 18, 2024, 11:43 PM

A recent security breach occurred at the office of Japan's new Prime Minister Shigeru Ishiba, where an assailant threw incendiary devices at the headquarters of the ruling Liberal Democratic Party and rammed his car into a security fence at the prime minister's office. This incident follows a worrying trend of violent acts against political figures in Japan, which historically has low violent crime rates. Ishiba, whose administration has begun with a low approval rating, is facing potential political instability as a snap election looms on October 27.

Read full article

Stock Forecasts

EWJView EWJ chart on TradingView

Negative

The violent attack on government officials could further destabilize the new administration of Prime Minister Ishiba, already marked by low approval ratings and internal criticisms. If these events lead to increased political instability or public unrest, they could negatively impact investor confidence in Japanese equities, especially those tied directly to government stability, such as financial or large export-driven companies.

Related News

Masato Kanda: The man behind Japan's $170bn bid to prop up the yen

Oct 2, 2024, 7:28 PM

Mastao Kanda unleashed an estimated 25 trillion yen to support the currency when it slumped against the dollar.

EWJ

Stocks Tumble in Japan Following Party’s Election of New Prime Minister

Sep 29, 2024, 10:45 PM

Stocks dropped after Japan’s governing party chose Shigeru Ishiba, a critic of the country’s longstanding ultralow interest rates, as its leader.

EWJ

In Japan, the Era of ‘Free’ Mortgages Is Coming to an End

Sep 4, 2024, 12:00 AM

Homeowners are gearing up to pay more on their loans as the Bank of Japan’s rate increases signal the end of decades of ultralow interest rates.

EWJ