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Somehow I think this might be relative to our favorite USDJPY, GBPJPY and EURJPY with his sudden decision to quit.

From Reuters,

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe abruptly announced his resignation on Wednesday after a year in power dogged by scandals, an election rout and a crisis over Japan’s support for U.S.-led operations in Afghanistan.

The hawkish Abe, who took office almost 12 months ago promising to boost Japan’s global security profile, had seen his clout dwindle after a drubbing in July upper house elections, but the announcement came as a bolt out of the blue.

“I determined today that I should resign,” a weary-looking Abe told a news conference. “We should seek a continued mission to fight terrorism under a new prime minister.” ( Read More from Reuters )

Whilst I don’t see any big movements at all in the foreign exchange after the announcement, this might be a medium to long term effect on Japan’s economy with his decision to leave the cabinet, leaving it in such dire state, even before any impressive reforms introduced with his short term in the parliament and especially with the unrest on the country’s politics at the moment.

One of those failed person to succeed as a PM of a country I guess. Uh oh.

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