Japan LDP, opposition CDP, agree to hold vote to decide next prime minister on Oct 21 | investingLive

Intense negotiations continue in Japan in lobbying for the next prime ministership.

The LDP elected Sanae Takaichi as its first female leader and likely next prime minister. She has had difficulty in gaining required coalition support though.

The yen was trashed on her election, she is a supporter of further fiscal support and loose monetary policy. As her path to PM has become obstructed, though, the yen has recovered some ground.