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

October 27, 2024, 11.58 PM
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

Source: ReutersEditor: Yudho Winarto

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.

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