According to Odaily Planet Daily, Christopher Wong, a foreign exchange strategist at OCBC Bank in Singapore, stated that Sanae Takaichi's election as Japanese Prime Minister was expected after the Japan Restoration Party agreed to form a coalition government. The fiscal stability demonstrated by the LDP-Japan Restoration Party coalition should reassure the market and the yen. The impact on USD/JPY may not mirror the trend seen after the LDP election, as a coalition government would likely force Sanae Takaichi to adjust her previous support for stimulus policies. Furthermore, as macroeconomic conditions allow for policy normalization, reducing political uncertainty could pave the way for the Bank of Japan to raise interest rates on October 30th. (Jinshi)