OCBC: Reduced political uncertainty in Japan could pave the way for the Bank of Japan to raise interest rates in October
2025-10-21 07:46:33
Christopher Wong, foreign exchange strategist at OCBC in Singapore, said the election of Takayama as prime minister was expected after the Japan Restoration Council agreed to form a coalition government. This should reassure the market and the yen due to the fiscal soundness demonstrated by the LDP-Restoration party alliance. The impact of this event on the dollar/yen may not be similar to the trend seen after the LDP election, because the coalition government will make Takayama's previous pro-stimulus stance may have to be adjusted. In addition, as the macro situation allows policy to normalize, a little less political uncertainty may pave the way for the Bank of Japan to raise interest rates on October 30.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Over $100 million long position liquidated in the last 4 hoursNext article：
币安HODLer空投已上线Turtle（TURTLE）
