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Japan’s Abe Wins ‘Bigly’, Consolidates Power In Election Victory
Ok, so Shinzo Abe looks like he's set to consolidate power in Japan.
Sunday's election wasn't expected to produce a surprise result and indeed, there's an argument to be made that no real surprises are even possible anymore in Japan. So there wasn't really much in the way of risk for markets and certainly not for Kuroda and the BoJ.
But there are implications for Abe's goal of revising the Constitution. An exit poll by national broadcaster NHK showed his ruling coalition winning between 281-33
So…… the crazy continues as we move toward even more crazy. Sure, why would they change now this has worked out so well, right? What is next a 200 year bond paying .00000000 %, yep sounds good, gimme some of that.When the implosion happens this will be bloody, very bloody.