Market volatility tricks come with Japanese election and BoJ treats: The MUFG Global Markets Podcast

The ruling coalition retained a simple majority of seats, the threshold for victory, and stanched its losses in Lower House elections. Prime Minister Fumio Kishida will stay in office. The Nikkei Average has reacted by surging, ahead of USDJPY and JPY rates. Risk appetite is strong, and investors will be watching the extraordinary Diet session this month as well as the specifics of economic policies, especially in regard to additional economic measures and the extraordinary Diet session.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido summarizes the outcome of the Lower House elections. He then discusses the Bank of Japan’s October meeting and Japanese life insurance companies’ second half asset management strategies. He also shares his views on spot Dollar/Yen, Yen rate, and Yen basis.

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