Asian Shares Rise As Japan Politics Weigh On Yen

Source: International Business Times

Japanese bond yields also climbed after Ishiba said Sunday he would step down after less than a year in power AFP Asian markets rose on Monday, with Tokyo up nearly two percent after Japanese Prime Minister Shigeru Ishiba's decision to resign pushed down the value of the yen. Investors were also digesting weak US jobs data, while crude prices climbed after eight key members of the OPEC+ alliance said they had agreed to again boost oil production. "A combination of weak US labour market data coupled with rising political uncertainty in Japan dominated global markets as we started the week in Asia," Michael Wan at MUFG said in a note.