Japanese Prime Minister Shigeru Ishiba announced his resignation Sunday, plunging the world’s fourth-largest economy and a key U.S. ally into fresh political uncertainty amid rising living costs and growing tensions in the region.

“I have consistently stated that I do not intend to cling to this position, and that I would make a decision at the appropriate time after accomplishing what needed to be done,” he told a news conference.

Ishiba finalized details of a trade deal with the U.S. last week, under which Japan pledged $550 billion in investment in return for lower tariffs on its crucial auto sector.

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Source: https://www.nbcnews.com/world/japan/japan-prime-minister-shigeru-ishiba-resigns-rcna229599

The post Japan’s Prime Minister Shigeru Ishiba to step down after clinching U.S. tariff deal first appeared on Garner Ted Armstrong Evangelistic Association.

Speaking outside of 10 Downing Street on Thursday afternoon, she announced there will be another leadership election within the ruling Conservative Party, which will decide who succeeds her.

This makes Truss the shortest-serving PM in UK history and the country’s fourth leader in little over three years. Her replacement will be appointed in the coming week.

Announcing her resignation, Truss said she arrived in office during a “time of great economic and international instability.”

“We delivered on energy bills and cutting national insurance,” she continued. “We set out a vision for a low tax high growth economy that would take advantage of the freedoms of Brexit.”

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Source: https://www.euronews.com/2022/10/20/watch-live-uk-pm-liz-truss-gives-statement-amid-government-turmoil

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