Japan's new prime minister is set to propose a happiness index [Fortune]
NOMURA RSRCH UNSP/ADR (NRILY)
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Source: Fortune
The index, formulated by the public and private sectors, is expected to be proposed alongside Ishiba's plans for the economy and tackling the country's shrinking population. Ishiba, 67, became prime minister on Tuesday after winning a tightly contested ruling party leadership vote last week. He has said he intends to call a snap election for October 27 to shore up his mandate for policies, such as increased support for regional governments and low-income households. It is unclear how his speech will address foreign policy matters, but public broadcaster NHK and other outlets reported on Thursday that Ishiba will likely renew vows to fight inflation and announce a plan for a new monetary stimulus package. The yen surged last Friday after the Liberal Democratic Party (LDP) voted Ishiba leader, because he had broadly backed the Bank of Japan's exit from its ultra-loose policies. But Ishiba told reporters late Wednesday that he did not think the environment was right for furthe
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