Forex Flash: More Japanese easing expected following LDP victory – BNP Paribas

FXstreet.com (Barcelona) - Raymond Van der Putten, economist at BNP Paribas has taken a look at the weekends Japanese election results and what can be expected in the near term looking forward.

Van der Putten notes that the LDP won a landslide victory at the general election and its leader Shinzo Abe will become the new Prime Minister. During the election campaign, he consistently pleased for more aggressive fiscal and monetary policies which already lead to a sharp depreciation in the Yen. However, Van der Putten believes that Mr Abe will have difficulties in implementing his plan.