Japanese Prime Minister To Step Down
Ichiro Ozawa, secretary-general of
Japanese Prime Minister Yukio Hatoyama’s party, asked Hatoyama
to step down from his post, Yukio Ubukata, vice secretary-
general of the party said in a TV Asahi program today. Ubukata
said he expects both to resign before an upper house election
next month. Hatoyama refused to resign during a meeting of
senior party officials yesterday, Kyodo News reported.
As this action will likely lead to Yen weakness, and thus Euro strength, the most likely result will be a green close for the Nikkei, once again indicating that politically destabilizing fundamentals don't matter to C++.