
TOKYO/NEW YORK -- With the announcement of his resignation, Japanese Prime Minister Shinzo Abe became the first leader of a major economy to step down amid the coronavirus pandemic. The Nikkei Stock Average's 2.6% plunge that followed reflects international concern over the risks that may lie ahead for the nation's politics, security and economy.
When word of Abe's resignation arrived just after 2 p.m. on Friday, every staffer at the Finance Ministry's Administration and Legal Division, which handles dealings with the Diet, rose to their feet.