Abe Remains Unpopular Despite Landslide Victory

Japanese Prime Minister Shinzo Abe won a key parliamentary election despite broad unpopularity among voters. But the electoral triumph isn’t expected to boost his ratings.A lack of a strong opposition helped his ruling coalition government, led by the conservative Liberal Democratic Party, retain its super majority in the lower house of parliament on Sunday. That’s despite waning public appeal for the 63-year-old leader amid a string of scandals.”This is a curious election, the LDP had a landslide with a prime minister who’s quite unpopular,” said Gerald Curtis, a political science professor at Columbia University. “The overwhelming opinion is that Abenomics has not been a great success but everything the opposition offers as an alternative would be much worse.”

Source: Japan PM Shinzo Abe to remain unpopular even after parliamentary election victory – CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.