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• Here is why the euro will hit $1.40 end-2013 – Goldman Sachs
• Japan votes in election seen returning LDP to power
• Nothing like a late runner to add a bit of ‘young blood’ to the Japanese elections!
• Rtrs: UN economist: Portugal needs partial debt renegotiation
• AUD: Govmt to deliver surplus without qualification – according to one minister

Here is why the euro will hit $1.40 end-2013 – Goldman Sachs Posted: 16 Dec 2012 01:45 AM PST I thought they were saying end of 2012 at first and was really rather impressed with their ballsy call.   End 2013, not sooooo much.

Japan votes in election seen returning LDP to power Posted: 16 Dec 2012 01:17 AM PST Polls will close at 8 pm (11:00 GMT) when major TV broadcasters will issue exit polls forecasting results.

Nothing like a late runner to add a bit of ‘young blood’ to the Japanese elections! Posted: 16 Dec 2012 12:30 AM PST 94 year old Ryokicki Kawashima’ s running in today’s elections  in Japan, feeling he had to get involved in politics to stop the younger generation making such a a mess of things Kawashima says his eyesight and mind are both still sharp for his battle against five candidates from established political parties. He has withdrawn three million yen (£22,000) from his savings to use as the deposit required for candidates in national elections. “I’ve saved my pension money as expenses for my own funeral,” said Kawashima who lives alone. “Honestly speaking, I may not (be) able to win but I want to state my case.” The youngest candidate is a former MP aide Kazuya Aoki, 24 Full story here

Rtrs: UN economist: Portugal needs partial debt renegotiation Posted: 15 Dec 2012 11:03 PM PST Reuters article. Baptista da Silva (coordinator of a group set up by the United Nations Development Programme (UNDP) to monitor debt-ridden southern Europe): “If it’s not negotiated now, then in six months’ time, we’d have to do it on our knees. All the projections that we’ve done for the economy, debt, unemployment leads us to believe that Portugal will be in serious difficulties in terms of social control in half a year,” he warned. His group has contacted the Portuguese government and its lenders from the European Commission, European Central Bank and International Monetary Fund, but there has so far been “no political will on behalf of the government” to negotiate. Link

AUD: Govmt to deliver surplus without qualification – according to one minister Posted: 15 Dec 2012 10:53 PM PST From the weekend’s Aust Fin Review: Labor frontbencher Anthony Albanese has declared the federal government will deliver a surplus next year, without qualification.    (Gated) Albanese is Minister for Infrastructure and Transport. Gillard’s (PM) comments earlier this week were read as a surplus was not necessarily going to be be delivered. Don’t know whether Albanese has put his foot in it, or whether this is a clarification of the intention of the government. More to come, no doubt.

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