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Stock impact report

Analyst views on Japan PM Ishiba's resignation [Yahoo! Finance Canada]

Prudential Public Limited Company (PUK) 
US:NYSE Investor Relations: investor.prudential.com
Here are comments from market analysts. CHRISTOPHER WONG, CURRENCY STRATEGIST, OCBC, SINGAPORE: "In the near term, political uncertainties in Japan may temporarily hinder the (Bank of Japan) from normalising policy, and this can undermine the yen. But yen weakness due to politics should reverse when uncertainty fades. "Moreover, the Fed cutting rates in due course should also help to bring the dollar/yen lower amid Fed-BoJ policy divergence." BEN BENNETT, HEAD OF INVESTMENT STRATEGY FOR ASIA, L&G ASSET MANAGEMENT, HONG KONG: "Ishiba's resignation is another source of uncertainty for Japan at a time when bond and currency markets are already quite volatile. All eyes will be on how these markets trade next week, particularly the long end of the government bond curve." MICHAEL BROWN, SENIOR RESEARCH STRATEGIST, PEPPERSTONE, LONDON: "I don't think we can say that the resignation is a complete surprise as it's been mooted for some time, but the timing of the announcement is Show less Read more
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