Japanese PM Takaichi says she would resign with immediate effect, in the scenario that the ruling bloc does not attain a Lower House majority

Japanese PM Takaichi says she would resign with immediate effect, in the scenario that the ruling bloc does not attain a Lower House majority.

The resignation threat from Japanese PM Takaichi highlights political instability, which could weigh on the JPY and broader market sentiment in Japan. If the ruling bloc fails to secure a Lower House majority, it may lead to shifts in economic policies or delays in reforms, impacting investor confidence in Japanese assets and possibly leading to increased volatility in commodities tied to Japan's economy.