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Future progress of Abenomics doubted – DBS

FXStreet (Barcelona) - According to the DBS Research Team, after the credit rating scare, doubts about the future of Abenomics have increased with the recently announced elections.

Key Quotes

“The postponement of the sales tax hike has triggered some concerns about the long-term fiscal prospects. Fitch, for instance, has signaled the intention of re¬viewing Japan’s sovereign credit ratings. Meanwhile, doubts about the future progress of Abenomics have increased as the election approaches. Chances re¬main high that the ruling LDP party will maintain the majority in the lower house of parliament after the election. Any reduced majority, however, would result in more criticism against Abe’s economic policies from the opposition par¬ties.”

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