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Abe’s Death Raises Doubts Over BOJ Policy Support as Yen Gains

  • Market analysts see more policy change scope than economists
  • Abe supported central bank’s ultra-loose monetary policy
Shinzo Abe in 2020. 

Shinzo Abe in 2020. 

Photographer: Kiyoshi Ota/Bloomberg
Updated on

As traders absorb the tragic news of the death of former Japanese Prime Minister Shinzo Abe, they are also left facing a debate about how the loss of a strong advocate for the central bank’s super-easy monetary policy could affect markets in the days ahead. 

The initial market reaction to the shock news earlier Friday that Abe had been shot was a rush to haven assets.