Forex News – Japan’s LDP victory will lead to more BOJ easing
Posted on December 17, 2012 at 7:32 am GMTThe yen plummeted in early trading as currency markets opened in Monday following news of Japan’s LDP party landslide victory on Sunday. Japan’s conservative opposition party led by hawkish Shinzo Abe won the elections by a large majority over the outgoing Prime Minister Yoshihiko Noda. In his campaigns Abe has been promising sweeping changes after three years of the country’s rule by the Democratic Party of Japan (DPJ). His win now gives him the mandate to implement these changes he [..]