Japanese politics – LDP head Takaichi will hold a meeting with a minor party today

Japanese politics is impacting the yen and broader financial markets:

• Japan’s markets unwind Abenomics “2” trades as Komeito exit fuels political uncertainty
• Market expectations for Japan to remain under a Liberal Democratic Party (LDP) government led by Sanae Takaichi, an advocate of Abenomics, have faded sharply, prompting traders to unwind weak-yen, long-equity, and bond positions.

Takaichi will hold a meeting with a minor party today, Ishin:

• 0600 GMT / 0200 US Eastern time

This article was written by Eamonn Sheridan at investinglive.com.