Japanese Prime Minister Shigeru Ishiba refutes reports of his resignation

According to a report by Golden Jubilee, Japanese Prime Minister Shigeru Ishiba stated to the media this afternoon (July 23) that there is "no factual basis" for any reports in the Japanese media that he himself will resign. Shigeru Ishiba stated that he had just concluded a meeting with Taro Aso, the top advisor of the Liberal Democratic Party, former Prime Minister Yoshihide Suga, and Fumio Kishida, and "did not discuss the issue of resignation". The media reports about his intention to resign are completely untrue. Shigeru Ishiba once again stated that he will remain in office and continue to govern. American financial media analyst Justin Low commented that Shigeru Ishiba has not officially admitted defeat, but his fate is now a foregone conclusion. The ruling Liberal Democratic Party of Japan will hold a party meeting on July 31st, which is expected to be the last straw for Shigeru Ishiba. The sentiment in the Japanese asset market is clearly mixed, with the stock market rising, the bond market selling, and the yen fluctuating up and down, attempting to balance the impact of trade news and political uncertainty.