TOKYO -- Japanese stocks fell sharply on Monday, as investors reacted to Shigeru Ishiba's election as the leader of the ruling Liberal Democratic Party.
Equities
Tokyo stocks fall 5%, as investors fear Ishiba may raise taxes
Incoming prime minister also open to more restrictive fiscal policy
LDP president Shigeru Ishiba, who will soon be prime minister, is open to a more restrictive fiscal policy, including increasing taxes on corporations and financial income. (Photo by Nanami Sato)
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