Reported 8 days ago
The Japanese stock market is predicted to drop following Shigeru Ishiba's unexpected victory in the ruling party's leadership election, which is raising concerns of potential interest rate hikes. After the announcement, futures for the Nikkei 225 plummeted by 6%, with analysts expecting volatility in the market until Ishiba's economic policies become clearer. While a stronger yen may hurt exporters, banks could benefit from higher rates, but uncertainty surrounds Ishiba's overall economic strategy.
Source: YAHOO