Home Forex Markets No miracles!Former Japanese Prime Minister Shinzo Abe was shot dead, Fumio Kishida canceled his election campaign, USD/JPY, Nikkei 225 plummeted

No miracles!Former Japanese Prime Minister Shinzo Abe was shot dead, Fumio Kishida canceled his election campaign, USD/JPY, Nikkei 225 plummeted

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No miracles!Former Japanese Prime Minister Shinzo Abe was shot dead, Fumio Kishida canceled his election campaign, USD/JPY, Nikkei 225 plummeted


Abstract: Just two days before the Japanese Senate election scheduled for the weekend, former Japanese Prime Minister Shinzo Abe was shot. After half a day of full rescue, he finally died of his injuries. USD/JPY and Nikkei 225 fell sharply in the short-term. , How do you view this event?

According to the Japan Broadcasting Association (NHK), the former Japanese prime minister fell to the ground in blood while delivering a campaign speech for the Liberal Democratic Party candidate in the western city of Nara. According to the on-site personnel, about a minute or two after the speech, two gunshots were heard, and Shinzo Abe immediately followed. fall to the ground. Police arrested a man in his 40s with a gun at the scene.

Japanese police revealed that the gunman’s name was Toruya Yamagami, 41 years old, who lived in Nara, and served in the Maritime Self-Defense Force from 2002 to 2005.

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It is worth noting that Japan was originally scheduled to hold the Senate election on July 10. This incident occurred when the current Japanese Prime Minister and Liberal Democratic Party leader Fumio Kishida was expected to lead the Liberal Democratic Party to victory. Fumio Kishida is a proponent of the Bank of Japan’s extremely loose monetary policy against the backdrop of rising prices in Japan. These policies were first implemented at the impetus of Shinzo Abe and are known as “Abenomics”.

The latest polls show that the Liberal Democratic Party, with 56% support, is expected to win 60 of the 125 seats in the election, while Fumio Kishida had previously set 55 seats as a “victory goal”.

After the incident, Fumio Kishida canceled the campaign and returned to Tokyo to speak on the incident, but did not disclose key information. The main points are as follows:

Medical staff are doing their best to rescue Shinzo Abe;

Require all cabinet members to return to Tokyo;

He declined to comment on the political implications of the attack on Abe.

Former Japanese Prime Minister Shinzo Abe has died at the age of 67 at a hospital where he was treated, a senior Liberal Democratic Party official said, according to the latest news from NHK.

At the time of the shooting, USD/JPY fell to an intraday low of 135.33, and the Nikkei 225 hit 26411.

USD/JPY 15 minute chart

Nikkei 225 15-minute chart

No miracles!Former Japanese Prime Minister Shinzo Abe was shot dead, Fumio Kishida canceled his election campaign, USD/JPY, Nikkei 225 plummeted

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