The Japanese yen surged initially but gave back a chunk of those gains, with some mixed flows amid concerns that the political risks might deepen. And the latest developments also won't help with sentiment in the bond market, with 30-year JGB yields continuing to keep above 3% amid fiscal concerns and now the political gridlock.
However, the mere reality of it is still something that hits hard especially since we don't normally associate Japan to political instability. It is only ever since Covid and Abe's death that brought about a major change in landscape to the political scene in Tokyo.
Given the tight timing, I reckon nobody would want to push to oust Ishiba before trade talks meet the 1 August deadline. That will keep Ishiba in the hot seat at least for the time being.
That suggests an increasing likelihood that Japan will be facing up against 25% tariffs come what may on 1 August. That as Ishiba's position is now compromised and any meaningful engagements with the US during this period will be undermined by the potential for a snap leadership vote.
This article was written by Justin Low at investinglive.com.Hence then, the article about does japan s latest political shake up impact tariff negotiations was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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