Financial euphoria and elections — CME floor member strategist Mr. Hirofumi Takizawa

There wasn’t a particularly notable confrontation dynamic even at last week’s IMF, after all.

Even though the world is in a euphoric mood,

as each country faces domestic challenges, leaders

probably avoided dampening the mood.

The conflicts in international affairs involving advanced economies

are still like pro-wrestling performances,

and there is a need to differentiate what is truly dangerous.

Financial markets can ignore international affairs because

they have shifted toward being “risk-ignorant” (AI and the youth),

it's likely a two-sided situation where financial markets are subtly sensing the truth behind the farce.

In the Middle East, Kurdish-related issues pose the greatest risk.

However,even if something happens, the only thing affected would be oil at most.

Oil is abundant.

Amid such circumstances,CNBC interviewed PrinceAl-Waleed.

From his stance, Saudi Arabia's top priority is to deal with Aramco.

There is no sense that they are prepared to seriously confront Qatar or Iran.

On the other hand, for North Korea to turn this pro wrestling into something real would be to succeed in delivering a long-range ballistic missile capable of reaching the United States.

Unless Kim Jong-un is foolish, he would heed the advice.

However,from a game-theory perspective, continuing underground nuclear tests to the limit is dangerous.

Because China, which is affected by natural disasters resulting from North Korea's nuclear tests, has not remained silent for long.

with the current link between the Self-Defense Forces (the “toothless tiger”) and North Korea as it stands,

the BBC says the meaning of Abe’s vow to “defend this country” is unclear.

If Japan seriously defends itself with the SDF,

it should immediately start constitutional revision after the election.

However,even after winning the election, there is no indication that Abe or the LDP intend to do so.

This, too, is as expected...

In the event of an emergency,Japan would respond using security legislation.

The U.S. military is assumed to be capable of countering all enemies largely on its own.

Trump’s visit to Japan is about trade,

the main aim is obviously to extract concessions from Japan.

In any case, the world still has time before a true crisis.

There is probably a little more time left.

The risk of derailing the markets in the meantime is,

not due to external factors in international affairs,but internal factors.

As for internal factors, AI flash crashes,

and flattening caused by aggressive rate hikes are among the leading possibilities.