# Ailing Abe quits as Japan PM as COVID-19 slams economy, key goals unmet

> Japanese Prime Minister Shinzo Abe resigned as COVID-19 weighed on the economy and key goals went unmet. Japan's main stock index fell about 2% before recovering, and the yen rose on concerns about a return to deflation.

- Date: 2020-08-29 · published 2020-08-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/51846-ailing-abe-quits-as-japan-pm-as-covid-19-slams-economy-key-goals-unmet
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Political change in Japan introduces uncertainty over Abenomics and currency direction, which can affect yen-based import costs for feed ingredients, though the direct price impact on feed commodities is limited.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/world/ailing-abe-quits-as-japan-pm-as-covid-19-slams-economy-key-goals-unmet-idUSKBN25O09Y/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.