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Japan Ruling Bloc Likely to Lose Upper House Majority, NHK Says

Japan Ruling Bloc Likely to Lose Upper House Majority, NHK Says

Bloomberg4 days ago
Japan's ruling coalition is likely to lose its majority in the upper house in Sunday's election, according to an exit poll conducted by public broadcaster NHK, an outcome that will further weaken Prime Minister Shigeru Ishiba's leadership.
The NHK poll showed that the ruling coalition is likely to secure about 32-51 seats, likely leaving it short of the 50 seats needed to maintain a majority in the chamber.
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The Latest: Justice Department to meet with Epstein's former girlfriend Ghislaine Maxwell
The Latest: Justice Department to meet with Epstein's former girlfriend Ghislaine Maxwell

San Francisco Chronicle​

time9 minutes ago

  • San Francisco Chronicle​

The Latest: Justice Department to meet with Epstein's former girlfriend Ghislaine Maxwell

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Trump's Japan Trade Deal Raises Fears He Gave Away Too Much
Trump's Japan Trade Deal Raises Fears He Gave Away Too Much

Yahoo

time37 minutes ago

  • Yahoo

Trump's Japan Trade Deal Raises Fears He Gave Away Too Much

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The US-Japan deal's emphasis on investment suggests the promise of more revenues has taken priority over the push to protect domestic industries, one person familiar with the matter said. While direct foreign investment in the US could help expand domestic manufacturing and artificial intelligence capacity, it won't necessarily make the country's exports more competitive on its own. And some analysts raised doubts about whether Japan's promises to open its markets to US products would prove meaningful. The administration cast Japan's concession to accept cars made to US federal motor vehicle safety standards instead of subjecting them to additional regulatory requirements as a boon for Detroit. Even so, a major impediment to US auto sales in Japan is the American designs themselves — not just trade barriers. Put simply, Japanese consumers are less interested in driving Fords and GMs than Americans are in Toyotas and Hondas. Japan sells the US about 84 cars for every one the US sells there. 'American cars that are big just don't comport well with the needs, desires and demands of the Japanese public' said Colin Grabow, an associate director at the Cato Institute's trade policy center. 'It's unclear what the payoff here is.' --With assistance from Keith Laing, Hadriana Lowenkron, Joe Mathieu, Tyler Kendall and Stephanie Lai. (Adds Lutnick comments in ninth and 10th paragraph) Burning Man Is Burning Through Cash Elon Musk's Empire Is Creaking Under the Strain of Elon Musk It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan A Rebel Army Is Building a Rare-Earth Empire on China's Border What the Tough Job Market for New College Grads Says About the Economy ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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