Japanese Prime Minister Noda passed a bill giving the goverment the ability to issue debt before dissolving the lower house of parliament and calling for elections on December 15th. Observers are expecting a return to power by the LDP and its leader, former PM Shinzo Abe. One of the biggest issues in this election is China and Abe has a hard stance, which could impact Japan’s trading partnership. China on the other hand finished a 10 year cycle this week with the Communist Party Congress which transfered power from Hu Jintao to the known successor Xi Jinping.
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- Singapore Inflation to Slow Growth in 2013
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- Japan’s Abe wants BOJ to set negative interest rates
- SGD – CPF interest rate to remain at 2.5%
- Asia’s Bond Market Bubbling as Investors Chase Yields
- EUR/JPY Technicals – Bulls fail to break 104 resistance level
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