The challenges facing Mexico revealed by the presidential election!

6/2, The Mexican presidential election, as expected in advance, saw the candidate from the leftist ruling party, the National Regeneration Movement(MORENA)win, but the Mexican stock market fell by 6.2% from the previous day6.2% and the peso briefly declined by as much as3.4% against the dollar. With the ruling party achieving a sweeping victory, there is now the view that a constitutional amendment to expand social welfare could become possible, making concerns about worsening the country’s finances more visible. This explains the outlook for the Mexican economy and the peso/yen going forward.