The Japanese Liberal Democratic Party's Prime Minister election results are out, bringing down the cryptocurrency market
Today, Japan's new Liberal Democratic Party Prime Minister Shigeru Ishiba was successfully elected in the party leader competition. He will replace Fumiaki Kishio as Japan's new Prime Minister on October 1.
Originally, the results of Japan's interest rate hikes and rate cuts would not be known until the normal announcement date. However, Shigeru Ishiba is a loyal supporter of interest rate hikes. He just became the party leader today and frightened the Japanese stock market. The Nikkei 225 index was once circuit-breaker, with the highest decline reaching 5.6%.
This fire can probably only be suppressed by his American father. There is no good result in going against the American father. It is impossible to get rid of the control of the American father and end the fate of being sucked blood under such a Japanese system.