Traders beware: Political black swan looms over yen and Nikkei

From japantimes.co.jp

The scandal embroiling Prime Minister Shinzo Abe’s administration may be more serious than some investors realize, raising the potential for a rapid move in Japanese markets to discount the potential for a surprise end to the champions of Abenomics. While Abe has faced down political controversy and public protests repeatedly in his more than five years in power, the doctoring of a Finance Ministry document relating to a controversial land sale presents a more serious threat, according to political analysts. And at this point, markets haven’t priced in the idea of a resignation by stalwart Abe supporter Taro Aso, ... (full story)