Yen Seen Weakening Regardless of U.S. Election Outcome
Tokyo, Sept. 5 (Jiji Press)--Japanese financial market watchers believe that the United States will see a bigger fiscal deficit and a further rise in prices whoever wins the November presidential election, resulting in a weaker yen in the long run.
The U.S. election, which will be a battle between Vice President Kamala Harris, the Democratic candidate, and her Republican rival, former President Donald Trump, is a closely watched event also for Japanese market players, with the election outcome likely to affect the dollar-yen pair and Tokyo stocks.
Many market watchers are also concerned that a return to power by Trump would cause market chaos.
While Harris is largely expected to continue the course of the current administration of President Joe Biden, more generous support for the middle-income class could shore up the economy.
By contrast, a major policy shift appears inevitable if Trump wins.
(2024/09/05-23:22)
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