UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'Overwhelmed with politics'
28 Oct 2024
Japan’s governing coalition lost its majority in the Diet lower house. Prime Minister Ishida signaled that he does not intend to resign, but a third coalition partner must now be sought. This creates market uncertainty. If political bargaining drags on, the Bank of Japan might delay raising rates. Opinion polls underestimated support for the opposition—a reminder that investment decisions should not be based on opinion poll evidence, anywhere.
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