In US, Hillary Clinton continues to be the favourite, said Keith Parker of Barclays. The Republicans will control the House, which reduces chances of aggressive change in policies like taxes and regulations.
Geoff Lewis, Senior Strategist, Manulife Asset Management, tells CNBC-TV18, there could be a knee-jerk reaction in global markets to the GDP growth downgrade. However, the impact is likely to be limited because Japan has not contributed to the global economy for some time now.