Japanese Prime Minister Shigeru Ishiba will announce his resignation at the end of August, leading to a short-term decline in the yen and an increase in Japanese stocks

ChainCatcher news, according to Japan's "Daily News," Japanese Prime Minister Shigeru Ishiba has indicated to those around him that he will announce his intention to resign by the end of August, based on the results of the House of Councillors election summarized by the Liberal Democratic Party in August. It is reported that Ishiba plans to hold talks on the same day with the LDP's chief advisor Taro Aso, LDP Vice President Yoshihide Suga, and former Prime Minister Fumio Kishida to discuss his personal future.

After the disastrous defeat in the House of Councillors election, Ishiba immediately expressed his intention to remain in office, but he is currently facing increasing calls for resignation and criticism within the party, and the timing of his final decision may still change. In addition to local organizations demanding the Prime Minister's resignation and party reform, some core and younger members have proposed convening the "Joint Meeting of Members of Both Houses," a decision-making body second only to the party congress, to call for an early election vote.

As a result, the Nikkei 225 index expanded its gains, rising above 41,000 points, with an intraday increase of over 3%. The USD/JPY exchange rate briefly rose by 60 points, reaching 147, with a high of 147.14, an intraday increase of 0.26%.