(Reuters) -Japanese Prime Minister Shigeru Ishiba denied talk on Wednesday that he had decided to quit after a source and media reports said he plans to step down following a bruising upper house election defeat.

Japanese PM Shigeru Ishiba likely to resign by end of August, reports say - The 68-year old leader said media reports that he had already decided to resign were ‘completely unfounded’

The yen carry trade that crashed and burned last year may end up being one of the biggest beneficiaries of Japan’s seismic election result.