When Americans go to the polls on November 8th, they will be asked to pick occupants for the 435 seats in the House of Representatives, and one third of the 100 members of the United States Senate. The next makeup of the US Congress may have significant implications for Japan. Historically, the Democratic Party has been chilly toward Japanese politics and politicians, and more keen on China. Conversely, the Republican Party has maintained and strengthened its ties with the ruling Liberal Democratic Party.
As China's assertiveness and pressure on the region, and threats of North Korean air attacks grow, the importance of US-Japan military cooperation and security reassurance does, too. The outcome of the midterms is also relevant commercially. The election result will influence the US government's inflation measures and monetary policy, which may cause turmoil in the stock market. It will also affect the Japanese stock market as well.
With the yen's continued devaluation against the greenback, Japanese exports to the United States (worth $100bn in 2021) could benefit from bilateral agreements (such as fixed-volume contracts) that cushion the impact of a weakening currency.
Join us at this last event for 2022, where we bring together an expert panel of journalists and researchers who will discuss the political, economic and social impact of the US midterm election results on Japan.
General Manager/Senior Analyst, International Analysis Department at Sumitomo Corporation Global Research
Anchor, Sunday News Show "The Prime" and Director, Political News of Fuji Television
Senior Fellow, Security Studies Program at Sasakawa Peace Foundation
Director, North Asia of Economist Intelligence Corporate Network
Imperial Hotel Tokyo, Sakura no ma -Main building 4F
Chiyoda City, Tōkyō-to, Japan
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