Japan elections is the main focus of markets
Dec 12 2014 The world's third-largest economy will hold a general election this Sunday Dec 14th. In fact, Prime Minister “Shinzo Abe” who has implemented the Abenomics in order to refresh the economy is seeking a fresh vote of confidence.
There is some opposition to Abe policies which resulted the dropping of the Japanese yen. On Nov 2014, Japan’s economy unexpectedly fell into recession following an increase of sales tax.
Many analysts expect
interest rates to rise if Abe's coalition fail, equities to decline and expect the Yen will strengthen.
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