Deutsche Bank: Japan's upcoming elections may lead to depreciation of the yen

Odaily Planet Daily News: Volkmar Baur, an analyst at Deutsche Bank, said in a report that Japan's upcoming elections could be a turning point for the country and have a negative impact on the yen. Public opinion polls show that the government is in danger of losing its majority in Sunday's Senate elections. He also stated that the possibility of holding new elections in the House of Representatives cannot be ruled out. This increases the uncertainty of future fiscal policies and makes trade negotiations with the United States more difficult, which will definitely weaken the yen. Baur said that even without any changes, if the government introduces new fiscal plans based on the election results but fails to address structural issues, the yen may still fall. (Golden Ten)