July 11, Monday, 2022 (1:30 p.m.) Newsline

July 11, Monday, 2022 (1:30 p.m.) Newsline

1.Japan’s ruling coalition scored a sweeping victory in Sunday’s Upper House election. The Liberal Democratic Party was able to win more than half the open seats without the help of its coalition partner, Komeito. Prime Minister Kishida Fumio promised to address the biggest issues facing the nation, including the pandemic, Russia’s invasion of Ukraine and the soaring cost of living. He vowed to revive the Japanese economy.
2.Japanese business leaders are welcoming Sunday’s Upper House election results. They are urging the administration of Prime Minister Kishida Fumio to act boldly to tackle major challenges.
3.The head of Japan’s central bank has reiterated it is sticking with its massive monetary easing policy as the economy continues to face great uncertainty.