Is Abe Preparing to Call a Snap Election?

Japanese Prime Minister Shinzo Abe is weighing holding a snap general election as early as next month, a move that would allow him to seize on opposition disarray and growing support for his handling of the North Korea crisis.Abe appears increasingly inclined to call an election amid a recovery in public support following a spate of scandals, public broadcaster NHK reported, without saying where it obtained the information. He’ll make a decision after talks with senior Liberal Democratic Party and government officials and may announce the move as early as Sept. 28 when parliament reopens, according to NHK.A vote is most likely to be held on Oct. 29, the Sankei newspaper reported. An NHK poll last week showed that support for Abe’s ruling coalition climbed 5 points to 44 percent from a month earlier, with approval exceeding disapproval for the first time in three months. A snap election may speed up the formation of a new national political party linked to Tokyo Governor Yuriko Koike to face Abe’s LDP, according to NHK, citing comments by lawmaker Masaru Wakasa.

Source: Japanese Prime Minister Abe May Call Snap General Election, NHK Reports – Bloomberg

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam