Legg Mason's Shiozumi: Why Abe's 'bully pulpit' will revitalise Japan

clock • 2 min read

Prime Minister Shinzo Abe won a decisive victory in the snap election he called on 22 October.

The Liberal Democratic Party coalition with the Komeito Party captured 313 seats out of a total of 465, which has given an emboldened Abe a majority big enough to force through changes in the constitution and to reassert his mandate for revitalising Japan.  Japan election verdict: Uncertainty calmed as landslide victory guarantees the future of Abenomics His first round of policies, which started back in December 2012, was a battery of fiscal and monetary reform, and these cannons are still being used to shore up aggregate demand and force up inflation. It's working. Japan's curren...

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