News

Japan upper house election – Abe maintains solid majority

Prime Minister Shinzo Abe’s ruling coalition has maintained their majority in the 245-member upper house

The weekend election was for half the seats. Abe’s coalition took enough seats to ensure their majority is maintained. But fell short of a ‘super majority’ Abe would like to ease constitutional reform.

After the election Abe’s coalition hold 137 of the 245 seats in the upper house. 

For the economy, the win is another sign the October consumption tax hike is locked in. Currently at 8% its to move to 10%.

ForexLive

Articles You May Like

Gold Price Continues to Test for Support Ahead of FOMC Meeting
China: PBoC is likely to ease as inflation slows sequentially – ANZ
FOREX TRADING 2020 | HOW TO MAKE $20+ PER HOUR | FOREX TRADER
LIVE FOREX TRADING 5TH DECEMBER 2019
5 Tips to Become a Better Scalper 🔨

Leave a Reply

Your email address will not be published. Required fields are marked *