Nomura Outline Some Key Dates For Japanese Politics

Nomura have noted that "Suga will be nominated as the PM officially on Wednesday, and cabinet members will be confirmed then. So Wednesday is important, but may not be a major market driver. The focus will then be on whether Suga calls a snap election (there has been media reports of 25 Oct as the most likely timing of the election, if called by year-end). So 25 Oct could be important, but we need to follow opinion polls after the cabinet inauguration and momentum toward the election over the next few weeks. COVID-19 infections in Japan are worth monitoring as the third wave makes it more difficult for Suga to dissolve the parliament."