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.
- Japanese Elections – Impact on N225 and USD/JPY
- Weak Retail Sales push NZD lower: Charts
- BOJ may need rates below zero
- RBA may hold rates due to growth in Consumer Prices
- Japan PM Dissolves Parliament Fiscal Cliff Averted
- Singapore Gov slash GDP forecast to 1.5%, Business Outlook Gloomier
- Singapore Inflation to Slow Growth in 2013
- Singapore Home Sales Drop 26% in October
- 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
WEEK AHEAD
- JPY Bank of Japan Rate Decision
- AUD Reserve Bank Board Minutes
- GBP Bank of England Minutes
- USD U. of Michigan Confidence
- CAD Consumer Price Index
- EUR Euro-Zone Gross Domestic Product
- USD Consumer Price Index
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