TOKYO -- The benchmark Nikkei Stock Average fell sharply on Monday following Shigeru Ishiba's election as leader of the ruling Liberal Democratic Party, a drastic market correction over concerns that the incoming prime minister will raise taxes on the investor class.
Markets
Analysts predict limited market fallout following Ishiba's election
Incoming PM expected to take moderate agenda that will calm markets
The Nikkei Stock Average fell by nearly 5% Sept. 30 as investors expressed wariness over the agenda advocated by incoming Japanese Prime Minister Shigeru Ishiba. © AP
Read Next
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Markets
