Analyst: The resignation of the Japanese Prime Minister will have a greater impact on the bond market.

On September 8, Jin10 reported that the Japanese Prime Minister has announced his resignation. Andrew Jackson of Ortus Advisors believes that the market will not care, but this move may have an impact on the bond market. Shigeru Ishiba is seen as a fiscal conservative. If the next Prime Minister is more lenient on fiscal spending, the market may worry about a decline in economic stability, which could push up Japanese government bond yields and further increase Japan's massive debt burden. A rise in yields could lead to capital flowing back to Japan, boosting the yen. Jackson stated that this would be a negative factor, but the impact of the Japanese government bond dumping wave may be greater, causing a more severe negative shock to the yen, which is favorable for the stock market in the short term. The Nikkei index has recently risen by 1.7%.