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Japan Rates_ Steeper with the election results

27 Oct 2024 21:25:43 ET │ 9 pages Japan Rates Steeper with the election results CITI'S TAKE Political instability may result in larger greater expenditure, and the JGB curve steepened at the start of the week. The USDJPY level is likely to be key for the BoJ to determine when to hike. The ruling LDP-Komeito coalition clearly fell short of securing a majority in the Lower House election held on October 27. As additional 18 seats is needed to achieve a majority, so the LDP-Komeito may need to add another part ...