That didn’t take long. And the timing of which couldn’t be any worse as the government has just sorted out a deal with the US. That said, it is one that they still need to convince lawmakers back home of accepting. It looks like Ishiba’s last ditch attempt has failed.
There’s definitely a lot to consider now for Japanese markets as this throws everything up in the air. Are yields really rising now because of the BOJ or increased political uncertainty ahead of a potential snap election? The Nikkei is still rallying but the Japanese yen has weakened with USD/JPY now up 0.3% to 147.10 on the day.
This article was written by Justin Low at investinglive.com.