Liberal Democratic Party

Exit Polls Project Sweeping Victory, Supermajority For Japan's Abe

Japan Prime Minister Abe's ruling coalition is set for a sweeping victory in Sunday's general election, and may retain the two-thirds parliamentary majority needed to revise Japan's constitution, according to an NHK exit poll. Shortly after polls closed at 8pm, an NHK exit poll showed that Abe’s Liberal Democratic Party and coalition partner Komeito are set to win between 281 and 336 seats of the 465 total.

Key Events And FX Week Ahead: Central Banks Send Markets Into A Coma, Someone Say Something New Please!

European politics returns with a bang this week, when not only will attention be focused on Austria to see if the right wing Freedom Party joins the People's Party in a historic governing coalition, in an embarrassing blow to Europe's establishment, but also whether Catalan President Puidgemont will (again) fomally - and this time clearly - announce whether he has declared independence

S&P Futures Flat, Spain Rebounds, Nikkei Closes At 21 Year High

S&P500 futures point to a slightly lower open, as Asian stocks rise to trade near decade highs, with Japan’s Nikkei 225 closing at highest since 1996. European stocks are little changed, with Spanish shares gaining after Catalan President rows back from an immediate declaration of independence. MSCI's all-world stocks index briefly hit a fresh record high.

Yen Weaker After Abe Decides To Hold Snap Elections

Despite Japan being closed for holiday, the Yen has started off on the back foot, with the USDJPY rising 20 pips following a weekend Nikkei report that Prime Minister Shinzo Abe has decided to dissolve the lower house with a general election to follow next month, hoping to capitalize on an uptick in public support before the opposition has a chance to regroup and mount a formidable challenge.

Abe's Days Numbered? DB Warns Japan PM "May Be Forced Out" Leading To Spike In Yields

The Abe cabinet's approval ratings have kept falling and are now in the sub-40% "danger zone". It is now starting to look as though Prime Minister Shinzo Abe might be forced out of office until the Liberal Democratic Party leadership race scheduled for September 2018, in which case JGB yields might be at risk of climbing quite significantly.

S&P Futures, Euro Shares Start 2nd Half Solidly In The Green; Oil Rises For 8th Day

S&P500 futures have started the second half solidly in the green, up 0.3% to 2,429, tracking European markets broadly in the green, while Asian stocks fell slightly and crude oil is little changed. With US markets set to close at 1pm today trading volumes in many markets remain light before Tuesday’s July 4th holiday

Abe "Plunges Into Crisis" After LDP Suffers "Historic Defeat" In Tokyo Elections, USDJPY Slides

On Sunday Japanese PM Shinzo Abe’s Liberal Democratic Party suffered what Reuters called a "historic defeat" in the Tokyo assembly election, and "plunged into a crisis" after losing to an upstart outfit in an vote that is seen as a harbinger for Japan's national elections, and signaling trouble ahead for the premier who has suffered from slumping support after a series of political scandals.