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Abe to hold conference at 5:10 ET

Nov. 18, 2014 4:45 AM ETEWJ, DFJ, DXJ, JSC, JPP, EWV, SCJ, EZJ, DBJP, FJP, NKY-OLD, JPNL, JPNS, DXJS, HEWJ, DXJF, DXJR, DXJC, DXJH, DXJT, JPMV, QJPN, JPXNBy: Yoel Minkoff, SA News Editor2 Comments
  • Japan's Shinzo Abe will hold a press conference at 5:10 ET, the government announced, fueling further speculation of a snap election and a delay to a second sales tax hike currently scheduled for next October.
  • Nikkei newspaper reported earlier today that Abe was expected to seek an 18-month delay to the tax hike.
  • The news was enough to pump stocks in Tokyo, which rebounded from their biggest one-day rout this year. The Nikkei benchmark closed up 2.2% at 17,344.06, after falling 3%, or 517.03 points, in the previous session.
  • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, DXJS, JPNL, SCJ, JSC, ITF, JPP, JPNS, HEWJ, FJP, QJPN, JPMV, DXJT, DXJH, DXJR, DXJF, DXJC

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