Ishiba eyes snap election on Oct 27


THE country’s incoming prime minister Shigeru Ishiba (pic) is poised to call snap elections for Oct 27, local media reported, as equities plunge on a strong yen and amid fears that tax hikes are on the cards.

Ishiba, who is set to be formally appointed as premier today, supports the Bank of Japan’s drive to hike interest rates and has said “there is room” to hike corporate levies.

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