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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
JAPAN
Wires carrying comments from Japanese Prime Minister Fumio Kishida stating that he 'Would like to hold discussions among high-level officials to make way for a potential summit with [North Korean leader] Kim Jong-Un'. Adds that he 'Will continue to convey my intention to open new era of relations between Japan and North Korea'. Such a high-level meeting would be the first between Japanese and North Korea's leaders since erstwhile Japanese PM Junichiro Koizumi met with the late Kim Jong-Il in Pyongyang 2002 and would be a significant step in relations between the two countries following months of escalating tensions over North Korean missile tests.
- On the election issue, Kishida stated that calling a snap general election is 'based on a comprehensive review of various factors' and that he would not comment on whether a snap vote is in his plans.
- A positive public reaction to Japan's hosting of the G7 summit, the gov'ts support for Ukraine in its fight against Russian invasion has seen Kishida's approval ratings strengthen. Although whether there is a lasting fallout from the scandal involving Kishida's son holding parties as the PM's official residence remains to be seen.
- Kishida's conservative Liberal Democratic Party (LDP) and its Komeito ally would almost certainly secure a majority in an snap election. This in turn could boost Kishida's prospects of retaining the LDP leadership in the party's 2024 leadership conference.
Chart 1. Approval/Disapproval Rates for Kishida Cabinet, %
Source: Asahi Shimbun
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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