Stocks dropped after Japan’s governing party chose Shigeru Ishiba, a critic of the country’s longstanding ultralow interest rates, as its leader.

Ishiba’s election marks a significant further shift in official Japanese politics toward remilitarization and preparations for war against China.

Fifty-two percent of respondents to a weekend Mainichi Shimbun poll said that they expect Shigeru Ishiba, the newly elected leader of Japan's･･･