Yen Soars After Warhawk Ishiba Wins Shock LDP Leadership Vote | ZeroHedge
In what was the week's second biggest surprise – the first one being China'a bazooka stimulus announcement – Shigeru Ishiba, who was widely viewed as an underdog in today's LDP leadership election, was elected leader of Japan’s ruling Liberal Democratic party, handing national power to a noted China and monetary policy hawk who wants a more equal defense relationship with the US and has vowed to fight to prevent the nation falling back into deflation.
Ishiba, the 67-year-old (more…)