The Nikkei has lost 3.5% in the first two trading sessions this September — more than erasing the month-end window dressing — and now sits at a five-month low. Initially not phasing stocks was the announced resignation of PM Fukuda, with commentary inside and out of Japan noting the rather muted reaction by investors and lack of selling. However, the yawner of a morning session turned into a bout of indigestion in the afternoon, with stocks falling heavily and the Nikkei 225 briefly dropping below 12,500. So, Japan is leaderless again. Fukuda, who is said to have expressed a goal of topping predecessor Abe’s fifty weeks in office, if by even a day, fell a couple of weeks short. Poll-favorite Taro Aso would likely not last a year as successor. The popular former PM Junichiro Koizumi is highly unlikely to ...