Going a little political here.
It was a momentous day for the Japanese today as the current Prime Minster Taro Aso announces the dissolution of its lower Diet and gives way to an election to be held on August 20, one which would most likely see the power shift to the Democratic Party of Japan and end the LDP’s 5-decade long reign in Japan’s political system. The Japanese index Nikkei was up, cheering on this positive development.
Via a Bloomberh report:
Forty-two percent of respondents in an Asahi newspaper poll published yesterday said they would vote for the DPJ, compared with 19 percent for the LDP. The opposition, which has controlled the less-powerful upper house since 2007, had a public approval rating of 31 percent, compared with 20 percent for the LDP, according to the poll.
Go to the original Bloomberg report HERE.