Japan PM Shinzo Abe’s Ruling Coalition Cruises to Victory

Shinzo Abe won his snap election on Sunday and his ruling Liberal Democratic Party (LDP) and coalition partner maintained a supermajority, according to media exit polls, giving the Japanese prime minister a fresh mandate for his struggling strategy to revive the economy.

The leading LDP party along with its coalition partner, New Komeito, won at least 317 seats in Japan’s 475-seat lower house, most polls showed, maintaining a ‘supermajority’ with over two thirds of the lower house. Official results will be released on Monday morning, but, historically, media exit polls have proven accurate.

“I am relieved the ruling party coalition has won a majority and the government has been maintained,” Abe said on NHK news.  The low voter turnout is disappointing and shows “we need to improve voters’ trust in politics,” he said. “The economy is our priority – we will ask business leaders to raise wage in April and make sure the recovery spreads to the whole economy.”

CNBC

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