Abe’s LDP & Komeito Party Keep 2/3 Majority; Record-Low Voter Turnout Of 53.3%
Vittorio Hernandez | | Dec 15, 2014 05:43 AM EST |
(Photo : Reuters) Japan's Prime Minister and the leader of the ruling Liberal Democratic Party (LDP), Shinzo Abe, points to a reporter during a news conference following a victory in the lower house elections by his ruling coalition, at the LDP headquarters in Tokyo December 15, 2014. Abe said on Monday he will ask business leaders to raise wages next year at a meeting on Tuesday. REUTERS/Toru Hanai (JAPAN - Tags: POLITICS ELECTIONS)
Despite the record-low voter turnout of 53.3 percent in Japan's national election on Sunday, Japanese Prime Minister Shinzo Abe said at a news conference that it was still the people's voice supporting his Abenomics policy.
"I believe the results show that we have achieved a public mandate for the Abe administration's achievement over the past two years ... But we should not be complacent about the results," Todayonline quotes his interview with Tokyo Broadcasting Systems.
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His Liberal Democratic Party (LDP) and the Komeito Party, its junior partner, got 326 out of 475 seats in the Lower House to maintain two-thirds majority, paving the way for Abe to continue his Abenomics policy that targets sustainable growth through monetary policy, government spending and deregulation.
Abe said he wants to boldly implement these "Three Arrows," which would include asking employers to increase salaries that had failed to keep up with inflation. However, the recession during the third quarter as a consequence of the increase in sales tax in April slowed down its implementation, resulting in Abe postponing a second sales tax increase to 10 percent until April 2017.
Taro Aso, the finance minister who was reelected, backed the prime minister's push for economic reforms, pointing out that Abenomics is only halfway through and it must be given an extra push.
LDP lawmaker Shinjiro Koizumi said that from the post-election period until April 2017, the task is to revive the Japanese economy and "find a path to fiscal rebuilding." He added, "If you think it in that way, even though we won, there is no room here for celebrating."
Abe's call for election just after two years in office is seen as his way of further strengthening his hold on power as he implements unpopular policies, including the restart of the nuclear reactors that were closed in the aftermath of the March 2011 magnitude 9 earthquake.
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