The fringe far-right Sanseito party emerged as one of the biggest winners in Japan's upper house election, gaining support with warnings of a "silent invasion" of immigrants.

Japan's election outcome may put the central bank in a double bind as prospects of big spending could keep inflation elevated while potentially prolonged political paralysis and a global trade war provide compelling reasons to go slow on rate hikes.

World markets are mixed after U.S. stock indexes hit new records. Oil prices fell and U.S. futures were little changed.

Japan's prime minister is clinging to power today, but his outlook remains uncertain. This follows a weekend election that delivered several surprises. HPR's Bill Dorman has more in today's Asia Minute.

The downside risk to the USD/JPY exchange rate has become greater since Japan's election and traders should short the cross with a target of 142. That's according to a new note by a team of forex strategists at Nomura led by Yusuke Miyairi.

On July 22, Japan's stock market experienced significant volatility due to election uncertainties. The Nikkei 225 index rose over 1% but later fell by 0.60%, while the broader TOPIX index also declined by approximately 0.

A fringe far-right populist party in Japan was one of the biggest winners in the weekend’s upper house election.

Now, Sunday’s election results in the upper house of Japan’s parliament threaten “to send shockwaves through U.S. bond markets” once again, cautions Mott Capital Managemen