Express
German Bank: Japanese Elections Could Lead to Yen Depreciation
Summary: According to reports, analyst Volkmar Baur from Deutsche Bank stated that the upcoming elections in Japan could be a turning point for the country and have a negative impact on the yen. Opinion polls indicate that the government is at risk of losing its majority in the Sunday Senate elections. Baur also mentioned the possibility ...
According to reports, analyst Volkmar Baur from Deutsche Bank stated that the upcoming elections in Japan could be a turning point for the country and have a negative impact on the yen. Opinion polls indicate that the government is at risk of losing its majority in the Sunday Senate elections. Baur also mentioned the possibility of new elections in the Lower House. This adds to the uncertainty of future fiscal policies and makes trade negotiations with the United States more difficult, 'which will definitely weaken the yen.' Baur noted that even without any changes, if the government introduces new fiscal measures in response to the election results but fails to address structural issues, the yen could still decline.
