The result of the prefecture of Saga election is a win to Yoshinori Yamaguchi, who had the support of the Japanese Agricultural Cooperatives. He beat a candidate, Keisuke Hiwatashi, who was picked by Japanese PM Abe.
The victory for the farm lobbiy candidate is despite Abe’s efforts to lessen the lobby’s clout and is viewed as a blow to Abe’s reforms efforts across agriculture, health care, and broader economic deregulation
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USD/JPY last traded is 118.42, down a few tics from late Friday’s level.
