1 Aug 2017
Japan's shaky politics - Nomura
Analysts at Nomura explained that market interest in Japanese politics has risen further.
Key Quotes:
"Japan’s political situation looks much less stable than three months ago. If Prime Minister Abe resigns early, before the next BOJ governor is appointed, the resignation could have a sustained negative impact on Japanese equity and yen-crosses."
"However, we think the early resignation of Prime Minister Abe is unlikely for three reasons: 1) still fragmented opposition parties, 2) PM Abe’s solid base within the LDP, and 3) a quiet election calendar in 2017. Restabilisation of the political situation should gradually support yen-crosses again."