The LDP lost its majority in the lower house when Ishiba called a snap general election last October. The LDP has not been in a minority position in both houses simultaneously since its foundation in 1955.

Good morning. Shigeru Ishiba says he’ll stay put—despite a historic election setback. Some investors worry that disappointing earnings or economic data may derail the S&P 500’s red-hot rally. And Astronomer CEO Andy Byron steps down after the now-infamous Coldplay concert incident.

Japanese premier Shigeru Ishiba vowed to stay on after his ruling coalition suffered a bruising defeat in upper house elections on Sunday as some of his own party discussed his future and the opposition weighed a no-confidence motion.