Goldman Sachs on the Japanese election: "The outcome is hard to predict"

Here is GS with a preview of the election in Japan due October 22

To start with I'm going to pull out a bit from near the end of their remarks, 'cause I think its the most important part ...

  • The outcome is hard to predict, however, given around one-third of voters are likely to be undecided.

Well, yes. even the elections we have seen in the past year or that have been real easy to predict:

  • Brexit 'remain' will win
  • Hillary will win
  • May will increase her majority in the early election

... No, wait ...

I think you get the picture, right? Elections always have an element of uncertainty and that element has been ramped much higher.

Anyway on with the GS preview & prediction:

The election will be contested under a tripolar configuration, comprising

  • (1) the ruling coalition LDP/Komeito,
  • (2) groups of parties centered by Ms. Koike, governor of Tokyo,
  • and (3) groups of left-wing parties.

Opinion polls indicate that the ruling parties will win a simple majority at least.

And, to repeat:

  • The outcome is hard to predict, however, given around one-third of voters are likely to be undecided.
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