19 Jul 2013
Flash: The weekend sees the Japanese elections - BBH
FXstreet.com (London) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes the elections over the weekend.
Key Quotes:
“There seems to be little doubt that the period of a divided Diet is over and that the LDP-led coalition will take control of the upper chamber through a solid majority”.
“While additional structural reforms under Abenomics will likely trickle out, the real contentious economic issue is the retail sales tax”.
“If the Abe government is successful in putting the economy on a sustainable growth track, then implementing the retail sales tax next April is likely”.
Key Quotes:
“There seems to be little doubt that the period of a divided Diet is over and that the LDP-led coalition will take control of the upper chamber through a solid majority”.
“While additional structural reforms under Abenomics will likely trickle out, the real contentious economic issue is the retail sales tax”.
“If the Abe government is successful in putting the economy on a sustainable growth track, then implementing the retail sales tax next April is likely”.