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Briefs: Yen strengthens after Japan’s PM announces step down; Thai court ousts PM; Declining interest rates to drive UOB

The Edge Singapore
The Edge Singapore • 7 min read
Briefs: Yen strengthens after Japan’s PM announces step down; Thai court ousts PM; Declining interest rates to drive UOB
Support for Kishida has been languishing under 30% for months. Photo: Bloomberg
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Yen strengthens after Japan’s Prime Minister Kishida announces decision to step down

Japanese Prime Minister Fumio Kishida will not run for a second term as leader of the long-ruling Liberal Democratic Party (LDP) in September, opening the way for a race to succeed him as premier.

“I will devote myself to supporting the new leader selected through the presidential election as a foot soldier,” Kishida said at a nationally broadcast news conference on Aug 14.

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