TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba on Monday stressed the need to establish a common understanding among parties on the pros and cons of cutting the country's sales tax rate. Cutting the sales tax could increase household income temporarily,

Japanese Prime Minister Shigeru Ishiba's coalition failed to secure a majority in the upper house elections, winning only 47 seats. This defeat leaves Ishiba's government in the minority and prompts concerns over potential political turmoil ahead of critical U.

Japanese voters headed to the polls on Sunday in a tightly contested election amid public frustration over rising prices and the imminent threat of US tariffs. The ruling Liberal Democratic Party (LDP) and its junior coalition partner Komeito need to secure a combined 50 seats to retain an overall majority in the upper house but the latest polling shows they might fall short.

Japan's ruling coalition, led by Prime Minister Shigeru Ishiba, lost its majority in the upper house, intensifying political uncertainty amid economic woes and rising populism. Voters expressed frustration over stagnant wages,

Primer ministro japonés, Shigeru Ishiba, seguirá para abordar desafíos como aranceles de EEUU pese a derrota electoral.

Equities mostly rose Monday on optimism countries will reach US trade deals before an August 1 deadline, while the yen gained after Japanese Prime Minister Shigeru Ishiba said he would stay in office despite another election defeat.