Japanese Yen May Decline on Drop in Abe's Popularity, Sumitomo Bank Says

(Bloomberg) -- The yen may drop 2.8 percent against
the euro before July 22 parliamentary elections as Prime Minister
Shinzo Abe's popularity slumps, said Daisuke Uno, a strategist at
Sumitomo Mitsui Banking Corp.

A scandal over Japanese government contracts may have caused
two suicides, including the death of Agriculture Minister
Toshikatsu Matsuoka, and is threatening public support for Abe.
The yen has plunged 9 percent against the euro since the prime
minister took office on Sept. 26.


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