Traders beware: Political black swan looms over yen


MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. Australian shares added 0.6 percent, Hong Kong's Hang Seng rose 0.7 percent and Shanghai climbed 0.4 percent. South Korea's KOSPI lost 0.2 percent and Japan's Nikkei trimmed earlier gains and was last 0.05 percent higher.

TOKYO: The scandal embroiling Prime Minister Shinzo Abe’s administration may be more serious than some investors realise, raising the potential for a rapid move in Japanese markets to discount the potential for a surprise end to the champions of Abenomics.

While Abe has faced down political controversy and public protests repeatedly in his more-than-five-years in power, the doctoring of a Finance Ministry document relating to a controversial land sale presents a more serious threat, according to political analysts.

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Business , japan , abe , nikkei , yen , dollar , economy , Abenomics ,

   

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