Striving to consolidate power with a snap election, Mr. Suga vows continuity of Abenomics and hints at additional fiscal stimulus. Domestic politics aside, we expect global factors and positioning to play a key role for Japanese equities and currency.
Following Shinzo Abe’s resignation over health issues, Yoshihide Suga was elected as the President of Liberal Democratic Party (LDP) and the 99th Prime Minister of Japan in mid-September. By design, Mr. Suga will serve out the remainder of Abe’s term as LDP leader, which officially ends in Sep 2021. A month later, Japan’s Lower House election is due to take place.
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