- Pressure on Japanese PM after elections: Japan's Prime Minister Shinzo Abe said he won't resign after his LDP party suffered defeat in the upper house elections. Abe's refusal to step down means that the impact on monetary policy is limited, with his coalition maintaining a strong grip on the more influential lower house. However, failing his first electoral test since taking office 10 months ago will increase the pressure on him to stand down. Although the market has largely priced-in the coalition's defeat in Sunday's elections, if Prime Minister Shinzo Abe is forced to step down to take responsibility for the ... (full story)