New Elected Japanese Lawmakers want to Revise War-Renouncing Article of the Constitution

About 72 percent of 473 newly elected House of Representative lawmakers support the idea of revising war-renouncing Article 9 of the Constitution and 78 percent of the legislators say the government should change its constitutional interpretation that currently forbids Japan from exercising the right of collective self-defense, according to a survey conducted by the Mainichi Shimbun.

Based on the survey of candidates running in the Dec. 16 general election, the Mainichi Shimbun found that 342, or 72 percent of the 473 winners in the election, agreed with the idea of revising the pacifist Constitution. The approval of at least two-thirds of members of both houses of the Diet is needed to bring constitutional amendments before the Diet. Therefore the figure found in the survey meets the requirements of the lower chamber to initiate amendments to the Constitution.

The survey also found that 370, or 78 percent of the 473 newly elected legislators, want to change the government’s constitutional interpretation that currently forbids Japan from exercising the right of collective self-defense. Only 17 percent, or 82 of the 473 winners, think there is no need to change the interpretation.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza