LDP to win up to 300 seats according to poll

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Reports from the Japanese press have the LDP + New Komeito parties winning a big majority on Dec. 16, with as many as 300 seats.

  • Poll shows LDP likely to get a majority in its own right (241 seats)
  • Winning a ‘super majority’ of 320 seats would allow passing of bills that have been voted down by the upper house

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.

2 Comments

  1. This whole thing about JPY and LDP does not make any sense at all. So, JPY is weakening because LDP will win the elections and they will push for a big round of QE. If you look at the history and what they did in the past, this doesn’t look like something will do, it looks more like a candidate’s speech trying to get votes.

    In any case, JPY is already weakening for weeks in anticipation of a round of QE, which will not happen if the JPY is weak. In order to such a round to happen, JPY will need to go up. I don’t know if markets realize this. It’s the same story as Spain with the bailout. Anticipating the future make it (the future) less likely.

  2. Good on you LDP. Even the blind traders are able to make easy money lately on the back of JPY…….

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