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Japan's Nikkei and Yen Set to Lurch on Political Uncertainty

October 27, 2024, 11.58 PM | Source: Reuters
Japan's Nikkei and Yen Set to Lurch on Political Uncertainty

ILUSTRASI. Pengunjung berjalan di bawah layar besar yang menampilkan rata-rata saham Nikkei Jepang di dalam sebuah gedung di Tokyo, Jepang, 16 Februari 2024. REUTERS/Issei Kato

JAPAN - TOKYO. Japanese stocks and the yen are expected to fall while longer-dated domestic government bond yields are seen rising as exit polls suggest Prime Minister Shigeru Ishiba's coalition is set to lose its parliamentary majority in Sunday's election.

The long-ruling LDP and its junior coalition partner Komeito - or potentially even another grouping - could be forced into power-sharing agreements with other parties to form a government, the polls suggested.

Read Also: China's September Industrial Profits Post Steepest Fall of The Year

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