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VIP Wealth Hub
Customized wealth management empowers your assets growth
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Top asset management team helps you profit without hassle
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The ruling coalition in Japan failed to secure a majority, and the yen depreciated.
On October 28th, Jinshi Data News, after the ruling coalition in Japan failed to win a majority of seats in the House of Representatives elections on Sunday, the yen weakened against other G-10 and Asian currencies in early trading. The National Australia Bank said, “It is currently unclear whether Shigeru Ishiba can continue to hold power under a broader coalition government. A broader coalition may force it to appease support for the gradual withdrawal of the current ultra-loose monetary policy target by the Japan Central Bank.”