The markets are probably right to shrug off the resignation of Japan’s Prime Minister, but the fragility of the government is a serious concern given the urgent need for a credible plan to tackle the huge public debt. The likely elevation of current Finance Minister Kan to the top job does not inspire confidence, and we believe both the yen and JGB prices have further to fall.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services