Interest rates are steadily falling, mainly in the 2-year bond market. In recent years, the pattern has been for interest rates to fall and the yen to appreciate, but this time, amidst the solid economic conditions, we are seeing a pattern of the yen appreciating and interest rates falling. I think this is also one of Trump's expectations for a stronger yen. If it progresses before taking office, we may have a buying opportunity of unprecedented increase. While it may be tough going forward with what we have, the rise above the exchange rate should be strong. Personnel changes seem to have settled down, making the period after the US and Japanese interest rate cuts and hikes a buying opportunity for the year. If it falls, I hope it falls significantly. A good jump up next year.

Wrong digit?

If the Liberal Democratic Party and Komeito fail to secure a majority, they are likely to form a coalition with either Ishin, the Democratic Party for the People, the Conservatives, or the Constitutional Democratic Party, leading to a shift to expansionary fiscal policy and the retirement of Mr. Ishiba.