The wind of change blows through Japanese politics. What about markets?: The MUFG Global Markets Podcast

An extraordinary session of the Diet opens. USDJPY upside has been heavy and JGB rates have moved little after rising, while the Nikkei Average has largely retraced its surge following the announcement of previous Prime Minister Suga stepping down. A number of political events lie ahead this fall, and JPY assets will likely be volatile.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses the LDP leadership election, fiscal and monetary policy triggers, the September Tankan survey, and cross-border flows. He also shares his views on the Dollar/Yen, Yen rates, and Yen basis.

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