Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/257710 
Year of Publication: 
2020
Citation: 
[Journal:] International Journal of Financial Studies [ISSN:] 2227-7072 [Volume:] 8 [Issue:] 3 [Article No.:] 43 [Publisher:] MDPI [Place:] Basel [Year:] 2020 [Pages:] 1-10
Publisher: 
MDPI, Basel
Abstract: 
Information about the possibilities of changes in national and international macroeconomic variables affects the expectations and behavior of individuals and firms more quickly than real changes in those macroeconomic variables. In this research, we investigate the impacts of international information (news) on the financial markets in Japan. We examine how news about the results of the Brexit referendum (BR) and the United States presidential election (USE) affected foreign exchange rates and stock market indexes. This research reveals evidence of statistically significant changes in exchange rates and stock market indexes within two weeks after the BR and USE, statistically significant changes in the exchange rate variance within the first week after the BR, and changes in the causality relationship between the variables after each event.
Subjects: 
Japan
financial markets
impact of news
Brexit referendum
United States presidential election
JEL: 
F31
F37
F62
F65
G11
G14
G41
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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