Japan's Lower House has been dissolved, as expected
The dissolution of Japan's Lower House was anticipated, indicating potential elections ahead.
Indian HSBC Composite PMI Flash (Jan) 59.5 (Prev. 57.8)
Indian HSBC Manufacturing PMI Flash (Jan) 56.8 (Prev. 55)
Japan's Lower House has been dissolved, as expected
[MARKET UPDATE] JGBs gap lower, outside of the morning range, as the BoJ raised its inflation forecasts and fiscal 2025/2026 growth projections
BoJ maintains its short-term interest rate at 0.75%, as expected; 8-1 vote split with Takata voting for a 25bps hike
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This development could lead to political instability or changes in policy direction, which may impact market sentiment, particularly in Japanese equities and the yen. Traders should monitor for announcements regarding the election timeline and any shifts in party platforms that could affect economic policies.
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