(Bloomberg) -- Japanese bonds were little changed
on speculation the ruling coalition's election defeat will give
the central bank more room to raise interest rates.
The Liberal Democratic Party won fewer seats on July 29
than needed to retain control of parliament's upper house, which
has the power to block legislation. Secretary general Hidenao
Nakagawa, who has said the central bank bears the burden for the
impact of higher borrowing costs, said yesterday he will resign
to accept responsibility for the election loss.
Read more at Bloomberg Bonds News
on speculation the ruling coalition's election defeat will give
the central bank more room to raise interest rates.
The Liberal Democratic Party won fewer seats on July 29
than needed to retain control of parliament's upper house, which
has the power to block legislation. Secretary general Hidenao
Nakagawa, who has said the central bank bears the burden for the
impact of higher borrowing costs, said yesterday he will resign
to accept responsibility for the election loss.
Read more at Bloomberg Bonds News
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