Shares on the Tokyo Stock Exchange jumped 2 percent as Prime Minister Yoshihide Suga said he would not run for re-election in the ruling party's upcoming leadership race, effectively stepping down as Japan's premier. His popularity had plunged to as low as 26 percent over his handling of the Covid-19 crisis. But first, US President Joe Biden has instructed the federal government to unlock the country's Strategic Petroleum Reserve in order to keep oil pumping after Hurricane Ida disrupted production.
