The Liberal Democratic Party’s presidential election, which ended Monday with a landside victory for Taro Aso, was apparently intended as a run-up to the next general election. But a series of unexpected incidents including the resignation…

Mitsubishi UFJ said on Monday it had agreed to take a stake of between 10 and 20 per cent in Morgan Stanley, in a deal potentially worth $9bn, becoming the latest Japanese bank to benefit from the turmoil in western financial markets.MUFG …