Fiscal Implications of Japan Election Unlikely Fully Priced by USD/JPY -- Market Talk

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0202 GMT - Fiscal implications of Japan's ruling coalition's landslide win in Sunday's lower-house elections are unlikely fully priced by USD/JPY, says Goldman Sachs's Karen Reichgott Fishman in a research report. "A bigger mandate is likely to fuel concerns about the potential path of spending plans, warranting renewed weakness in JGBs and the yen, unless the BOJ were to shift towards faster rate hikes," she says. USD/JPY will likely move toward and through 160 as markets digest the impact of the election results and the mandate for PM Sanae Takaichi, the analyst says. However, "the move may be short-lived or even short-circuited if authorities push back through rate checks or actual intervention," she adds. USD/JPY falls 0.5% to 156.38, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 08, 2026 21:02 ET (02:02 GMT)

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USD/JPY will likely move toward and through 160 as markets digest the impact of the election results and the mandate for PM Sanae Takaichi, the analyst says. However, \"the move may be short-lived or even short-circuited if authorities push back through rate checks or actual intervention,\" she adds. USD/JPY falls 0.5% to 156.38, LSEG data show. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 08, 2026 21:02 ET (02:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fiscal Implications of Japan Election Unlikely Fully Priced by USD/JPY -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFiscal Implications of Japan Election Unlikely Fully Priced by USD/JPY -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-09 10:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0202 GMT - Fiscal implications of Japan's ruling coalition's landslide win in Sunday's lower-house elections are unlikely fully priced by USD/JPY, says Goldman Sachs's Karen Reichgott Fishman in a research report. \"A bigger mandate is likely to fuel concerns about the potential path of spending plans, warranting renewed weakness in JGBs and the yen, unless the BOJ were to shift towards faster rate hikes,\" she says. USD/JPY will likely move toward and through 160 as markets digest the impact of the election results and the mandate for PM Sanae Takaichi, the analyst says. However, \"the move may be short-lived or even short-circuited if authorities push back through rate checks or actual intervention,\" she adds. USD/JPY falls 0.5% to 156.38, LSEG data show. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 08, 2026 21:02 ET (02:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USD","symbol_name":"ProShares Ultra Semiconductors","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2610504516","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610504516","pubTimestamp":1770602520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0202 GMT - Fiscal implications of Japan's ruling coalition's landslide win in Sunday's lower-house elections are unlikely fully priced by USD/JPY, says Goldman Sachs's Karen Reichgott Fishman in a research report. \"A bigger mandate is likely to fuel concerns about the potential path of spending plans, warranting renewed weakness in JGBs and the yen, unless the BOJ were to shift towards faster rate hikes,\" she says. USD/JPY will likely move toward and through 160 as markets digest the impact of the election results and the mandate for PM Sanae Takaichi, the analyst says. However, \"the move may be short-lived or even short-circuited if authorities push back through rate checks or actual intervention,\" she adds. USD/JPY falls 0.5% to 156.38, LSEG data show. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"USD":"ProShares Ultra Semiconductors","JPY":"Lazard Japanese Equity ETF"},"translate_title":"日本大选的财政影响不太可能完全由美元/日元定价——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"USDJPY.FOREX":1.5,"USD":1.5,"JPY":1.5},"content_text":"0202 GMT - Fiscal implications of Japan's ruling coalition's landslide win in Sunday's lower-house elections are unlikely fully priced by USD/JPY, says Goldman Sachs's Karen Reichgott Fishman in a research report. \"A bigger mandate is likely to fuel concerns about the potential path of spending plans, warranting renewed weakness in JGBs and the yen, unless the BOJ were to shift towards faster rate hikes,\" she says. USD/JPY will likely move toward and through 160 as markets digest the impact of the election results and the mandate for PM Sanae Takaichi, the analyst says. However, \"the move may be short-lived or even short-circuited if authorities push back through rate checks or actual intervention,\" she adds. USD/JPY falls 0.5% to 156.38, LSEG data show. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 08, 2026 21:02 ET (02:02 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}