Japan, Upper House
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Japan's benchmark stock index extended its gain to briefly rise above the 40,000 level on Tuesday, the first trading day after Sunday's election.
The fringe far-right Sanseito party emerged as one of the biggest winners in Japan's upper house election, gaining support with warnings of a "silent invasion" of immigrants, and pledges for tax cuts and welfare spending.
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Its leader is a former supermarket manager who created his political party on YouTube in the depths of the coronavirus pandemic and campaigned on the Trumpian message “Japanese First.”
Japan's top tariff negotiator arrived in Washington on Monday to seek another round of trade talks, on the heels of a weak showing for the country's ruling coalition during the Upper House election over the weekend.
Japanese voters angry at inflation turned to other parties, notably the "Japanese first" Sanseito, which made strong gains with its "anti-globalist" drive reminiscent of US President Donald Trump's agenda.