Turmoil in Japan: PM Ishiba Stands Firm Amid Political Upheaval

Japan's Prime Minister Shigeru Ishiba refuted resignation rumors on Wednesday following his ruling party's historic election defeat. Despite increasing calls for him to step down, Ishiba asserts his determination to finalize a monumental tariff agreement with the United States.

After consultations with party leaders, including ex-premiers Taro Aso, Fumio Kishida, and Yoshihide Suga, Ishiba emphasized election results, voter sentiments, and political cohesion, avoiding talks on leadership changes. However, the loss of control in both parliamentary houses heightens instability, questioning Ishiba's hold on leadership.

Local media report possible August resignation plans after a tariff impact assessment, though Ishiba denies this, prioritizing trade deal negotiations affecting 4,000 items. Speculation arises over potential successors amid voter dissatisfaction, economic shifts, and opposition movements.

(With inputs from agencies.)