Suga’s Departure Likely To Lift Dented Investor Confidence In Japan
“Investor confidence in the Japanese market had taken a hit as the country confronted its worst wave of the pandemic. The latest HL survey showed confidence in Japan fell by 8% in August, so it’s not surprising that the news of Yoshihide Suga departure saw stocks in Tokyo lift in response. By announcing he won’t run for re-election in the upcoming leadership race, he’s stepping down as premier, to make way for a successor to try and halt soaring infection rates. Although the Nikkei ended up 2%, gains may have been held back, because Suga was considered to be pro-business and had spearheaded a ...