Japan- Turbulence in a Tea Cup
#Elections#Yen#Japan#Japanese Equities#JGBs
Japanese elections see LDP decimated. There will be a period of uncertainty and volatility for Japanese assets as a messy, weak, coalition is put together at the end of a protracted messier period of haggling. Such volatility is a storm in teacup in the global scale of things. But the Japanese love the calm of the tea ceremony. So the storm in a teacup does matter for Japanese assets. Yen will weaken. Equities will weaken and then mark time. JGBs will stagnate