MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JAPAN: Election Campain Officially Underway Ahead Of 27 Oct Vote

JAPAN
Homepagemarkets-real-timeAPACPolitical RiskJapanPolitical Risk BulletBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

The campaign for the 27 October snap general election got underway today as new PM Shigeru Ishiba seeks to stamp his authority by winning a majority for the governing conservative Liberal Democratic Party (LDP) in the House of Representatives. While the LDP has governed for almost all of the post-war period, the slush fund scandal that contributed to the unpopularity of Ishiba's predecessor Fumio Kishida has dented party support and could even risk the LDP's usually ironclad majority. 

  • Disunity among (and within) the main opposition parties is likely to mean the LDP retains its majority and almost certainly will remain in power propped up by its usual coalition partner, Komeito. Even the conservative populist Nippon Ishin no Kai (Japan Innovation Party) has indicated that it could work with the LDP if Ishiba's party loses its majority.
  • Speaking in Fukushima prefecture earlier, Ishiba said “I have positioned this election as an election for the rebirth of Japan, I will trust the people, tell the truth without lies or deception, and talk about the Japan that should be.”
  • Former PM and leader of the main opposition centre-left Constitutional Democratic Party (CDP) Yoshihiko Noda has sought to keep the slush fund scandal in the spotlight, comparing the incident to a 'tax evasion' case.
  • The truncated election campaign, just 12 days long, could benefit the well-organised LDP and allow Ishiba to exploit something of a honeymoon bounce in support to, if not win more seats, then avoid significant losses. 
244 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The campaign for the 27 October snap general election got underway today as new PM Shigeru Ishiba seeks to stamp his authority by winning a majority for the governing conservative Liberal Democratic Party (LDP) in the House of Representatives. While the LDP has governed for almost all of the post-war period, the slush fund scandal that contributed to the unpopularity of Ishiba's predecessor Fumio Kishida has dented party support and could even risk the LDP's usually ironclad majority. 

  • Disunity among (and within) the main opposition parties is likely to mean the LDP retains its majority and almost certainly will remain in power propped up by its usual coalition partner, Komeito. Even the conservative populist Nippon Ishin no Kai (Japan Innovation Party) has indicated that it could work with the LDP if Ishiba's party loses its majority.
  • Speaking in Fukushima prefecture earlier, Ishiba said “I have positioned this election as an election for the rebirth of Japan, I will trust the people, tell the truth without lies or deception, and talk about the Japan that should be.”
  • Former PM and leader of the main opposition centre-left Constitutional Democratic Party (CDP) Yoshihiko Noda has sought to keep the slush fund scandal in the spotlight, comparing the incident to a 'tax evasion' case.
  • The truncated election campaign, just 12 days long, could benefit the well-organised LDP and allow Ishiba to exploit something of a honeymoon bounce in support to, if not win more seats, then avoid significant losses.