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Japan Election Aftermath Economy Top Priority

Japanese voters handed the Liberal Democratic Party and its allies an overwhelming victory in Sunday’s elections, clearing the way for Shinzo Abe to return as prime minister and pursue new stimulus measures to revive the world’s third biggest economy.
Prime Minister Yoshihiko Noda conceded defeat and said he would resign as president of the Democratic Party of Japan, after the scale of the loss in the lower house became clear. The Liberal Democratic Party ruled Japan almost continuously since 1955, until it was forced from power three years ago by the DPJ.

Public broadcaster NHK said the LDP and its coalition partner, the new Komei party, gained at least 302 seats in the 480-seat lower house. CNN affiliate TV Asahi said the LDP/Komei coalition gained at least 312 seats.
“The LDP is inheriting a struggling economy, regional tensions and questions over Japan’s role in Asia,” Abe said in interviews after polling. “The economy is at the bottom. It’s our first mission to turn it around.”

via CNN [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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