Key facts
- Japan's largest trading houses said they were bracing for renewed volatility in global energy, currencies and US investment.
- The trading houses were reacting to the Democratic Party winning control of both houses of Congress.
- Reactions among the trading houses were mixed, with some seeing business opportunity in the US under divided government.
Japan's largest trading houses said on November 4, 2026 that they were bracing for a new bout of volatility in global energy, currencies and investment in the United States after the Democratic Party won control of both houses of Congress in the US midterm elections.
Reactions among the trading houses were mixed, according to the report, with some seeing business opportunity in the country even under divided government. The report did not name individual trading houses, give figures or specify which executives commented.