According to Odaily Planet Daily, the Japanese yen weakened against other G10 and Asian currencies in early trading. Three members of Commonwealth Bank of Australia (CBA) Global Economics and Markets Research stated in a report that political uncertainty in Japan appears to have resolved. They noted that the possibility of the Liberal Democratic Party and the Reform Party forming a coalition government now appears strong, with confirmation expected today. "The resulting coalition government will be only two seats short of a majority in the House of Representatives and will therefore be relatively stable," they wrote. Furthermore, they added that the Reform Party's support significantly increases LDP leader Sanae Takaichi's chances of becoming prime minister. (Kinju)
