Japan to hold upper house election on July 21
|Japan will hold an election for the upper house on July 21, the government said on Wednesday.
Speculation was doing the rounds earlier this month that Japan's Prime Minister Shinzo Abe would also call a snap election for the more powerful lower house. Abe, however, ruled out such a move and has kicked off campaigning for half the seats in the less powerful of parliament’s two chambers.
The recent furor over pensions has reportedly eaten into Abe’s support rate. Even so, the LDP-led coalition is expected to keep its majority over the fragmented opposition parties.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.