Japanese election

A Fresh Political Mandate in Japan, While U.K. and Spain Stay Embroiled in Uncertainty

October 23, 2017

The Japanese Nikkei jumped 239 point or 1.1% following Sunday’s lower house election that gave Prime Minister Abe a resounding mandate and his LDP-led ruling coalition with Komeito more than a two-thirds majority in both houses of parliament. Abe now has the wherewithal to enact constitutional revisions that will affect foreign policy. The ten-year JGB […] More

Japanese Election, BOJ Tankan, and a Hostage Crisis in Sydney

December 15, 2014

The LDP/Komeito coalition in Japan captured over 68% of the lower house parliamentary seats, enough to override opposition vetoes.  Turnout of 52.4% in the snap election constitutes a record low and was down from 59.3% two years earlier.  Prime Minister Abe had called the election as a confidence vote in his decision to delay a […] More

Focus on Central Banks, Japanese Election and Euro Council Summit

December 13, 2012

Analysts are calling yesterday’s FOMC adoption of data-driven guidelines and additional Treasury security purchases a landmark step. There were three other central bank meetings overnight. The Bank of Korea left its 7-day repo rate at 2.75%, matching some but not all expectations. The Filipino key overnight borrowing rate was kept at 3.5% as anticipated. The […] More