Monday, September 13, 2010

Japan's DPJ to Elect Next Leader

in about hour and a half (2:00 PM Japan Time).

Naoto Kan (current Prime Minister after Hatoyama resigned) vs Ichiro Ozawa (the king maker). For stronger leadership, Ozawa would be a better choice for Japan. Probably more realistic than Kan or Hatoyama, who tried his best to ape Obama policies.

For forex traders and the US equity market traders, Ozawa would be better, as he is very likely to intervene in the currency market to (try to) stop the rapid appreciation of yen.


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