Japan’s ruling coalition lost its majority in an election - yen lower to open the week ...Middle East

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Japan’s ruling coalition lost its majority in an election - yen lower to open the week
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Japan’s ruling coalition lost its majority in an election over the weekend, which leaves the world’s fourth-largest economy facing the prospect of minority government, or minor parties acting as linchpins in coalition.USD/JPY is above 153 on the Japanese election result - yen plungeMonday morning open levels - indicative forex prices - 28 October 2024 - YEN slammed lowerWhere we're at:Japan’s lower house has 465 seats233 are required to form a majorityGoing into the election the ruling LDP combined with its coalition partner (which gave the two a majority in the upper house) held 288 seats in the lower houseCurrent counting has LDP 191, K 24 ... so 215, well short of 233 required. Constituti

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