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The transition to a new US administration will have worldwide implications. People in Japan have been speaking about their expectations for the next president's handling of global issues.

Japanese Prime Minister Suga Yoshihide was among world leaders who congratulated Biden. On Twitter, Suga wrote that he's looking forward to further strengthening the US-Japan alliance.

The global community is reacting to Japanese Prime Minister Abe Shinzo's announcement that he will resign.

In China, Foreign Ministry spokesperson Zhao Lijian said the government was watching the developing story.

News of Prime Minister Abe Shinzo's plan to resign has rocked the markets in Japan.

Share prices on the Nikkei 225 briefly tumbled more than 600 points, or 2.6 percent, after the reports. It closed Friday at 22,882, down 326 points or 1.4 percent.