Abenomics, snap elections in Japan

Abenomics, snap elections in Japan

Abenomics, snap elections in Japan

Japan's Prime Minister Shinzo Abe has called a snap general election a year early, meaning parliament will dissolve on Thursday.

Support for Abe's government have started to rebound after attacks on him over cronyism scandals.

"I will dissolve the House of Representatives on the 28th", he said.

Although Mr. Abe did not set a date for the vote, Japanese media suggest it will be on October 22.

North Korea has launched two ballistic missiles and tested what was likely a hydrogen bomb in the past several weeks raising tension in East Asia.

"We must not give in to North Korea's threats".

Weekend polls in Japan's Nikkei business daily showed Abe's LDP holding at 44% support, more than five times the 8% tally notched by either the Democrats or Tokyo Governor Yuriko Koike's Party of Hope.

The prime minister of Japan is going to take an advantage of opposition disarray through the snap election.

Japan is to have a snap general election in late October, reported on Monday afternoon several worldwide media outlets.

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The dollar then grew top-heavy amid lingering geopolitical concerns over North Korea. "Economically, the world is making a big move while Japan's presence is gradually declining", Koike said.

"Can we continue letting (the existing lawmakers) handle politics?"

Former National Public Safety Commission Chairman Jin Matsubara of major opposition Democratic Party, who won a Tokyo proportional representation bloc seat in the previous election, also submitted a letter of secession from the party Monday morning.

"The LDP is a giant among dwarves".

Abe has said he will resign if his coalition fails to secure a majority, according to Kyodo.

The crisis over North Korea has forced the country to re-examine its defense strategy. She used a similar good-governance message to crush Abe's party in a local Tokyo election in July.

Abe will seek backing for a ¥2-trillion ($18-billion) economic package, the Yomiuri newspaper reported on Monday, without attribution.

"I want people's support". If Abe's Liberal Democratic Party maintains its majority in the Diet, he could serve as prime minister until 2021.

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