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12 Dec 2014
We now turn focus to the Japanese elections - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman note the showdown for Japan coming up over this weekend.
Key Quotes:
"Japan holds elections over the weekend. It is now widely expected that the LDP and Komeito coalition will retain its super-majority."
"Many observers expect that this will reinvigorate Abenomics. But the coalition has had a super-majority for the last couple of years, and the reforms that characterize the third arrow have simply not spurred much enthusiasm."
"In fact, the success of the LDP and Komeito in the election is not to be confused with support for Abenomics. Opinion surveys seem very clear that people are very divided over it."
Key Quotes:
"Japan holds elections over the weekend. It is now widely expected that the LDP and Komeito coalition will retain its super-majority."
"Many observers expect that this will reinvigorate Abenomics. But the coalition has had a super-majority for the last couple of years, and the reforms that characterize the third arrow have simply not spurred much enthusiasm."
"In fact, the success of the LDP and Komeito in the election is not to be confused with support for Abenomics. Opinion surveys seem very clear that people are very divided over it."