The Liberal Democratic Party leadership race heats up: The MUFG Global Markets Podcast

Prime Minister Suga announced that he will not run for re-election as leader of Japan’s Liberal Democratic Party. This suggests that investors would be wise to watch the finer points of the candidates’ policy debates for potential triggers for financial markets. USDJPY, JGB, and JPY basis have all stayed within range of late, but over the near term, any changes in government policy could tighten the correlation to a bullish Nikkei Average.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido examines implications for monetary and fiscal policy as they pertain to JGB and JPY basis. He also shares his views on the Dollar/Yen, Yen rates, and Yen basis. 

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