Imagine if the Republican Party had been in charge of Congress and the Presidency for the last 54 years. And then imagine if the Democratic Party won a landslide victory and captured an overwhelming majority of the congressional seats?
That’s what happened in Japan when the Democratic Party of Japan overturned the Liberal Democratic Party in over the weekend.
The LDP was considered the champion of big business, exporters, and conservative principles. The DPJ is considered more like the U.S. democrats.
The one significant change I foresee is for the new DPJ party to emphasis domestic consumption policies over big business exporters.
Could have giant investment implications.
More on this topic
(What's this?)
Japan’s Historic Moment Creates Historic Confusion
(Investment U, 9/10/09)
Landslide Election Victory in Japan Will Lead to an Avalanche of Future Profits For Global Investors
(Money Morning, 9/2/09)
If Japan Is Going To Blow Up
(Random Roger's Big Picture, 9/29/09)
Sea Change in Japan? Western Market Fundamentalism Denouncing Opposition PM Candidate Leads Polls
(naked capitalism, 8/11/09)
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