Tokyo stocks jump as unpopular PM Suga decides to step down

In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Shares on the Tokyo Stock Exchange jumped 2 percent as Prime Minister Yoshihide Suga said he would not run for re-election in the ruling party's upcoming leadership race, effectively stepping down as Japan's premier. His popularity had plunged to as low as 26 percent over his handling of the Covid-19 crisis. But first, US President Joe Biden has instructed the federal government to unlock the country's Strategic Petroleum Reserve in order to keep oil pumping after Hurricane Ida disrupted production.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting