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

CAC Gains Ground on Strong Eurozone Inflation Report

Dollar to remain contained ahead of Fed decision

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.