Japan PM calls for snap elections

Japanese Prime Minister Shinzo Abe (2nd L) and Regional Revitalisation Minister Shigeru Ishiba (L) receive 'Banzai' calls from ruling lawmakers after dissolution of the lower house of parliament, in Tokyo on November 21, 2014

TOKYO: Japan’s lower parliamentary chamber was dissolved ahead of a mid-December general election that Prime Minister Shinzo Abe says will be a referendum on his faltering “Abenomics” economic growth blitz.

Following the dissolution yesterdy, the premier’s cabinet confirmed the election will be held on Sunday, Dec 14, said Chief Cabinet Secretary Yoshihide Suga, Tokyo’s top spokesman.

Later, Abe told reporters at his office that the vote will be “an election to ask if we should push for Abenomics or stop it”.

Abe, who is going to the polls less than half way through a four-year term, earlier said he wanted voters’ endorsement for his decision to postpone a sales tax rise slated for next year, after data this week showed an earlier levy hike knocked the world’s number three economy into recession.

“Finally, the fight will begin,” Abe told fellow politicians yesterday who cheered in response to the remarks in parliament.

“Let’s fulfil our responsiblity to make Japan a country that once again shines at the centre of the world.

“I promise to take the lead so that all of you here will be elected. Let’s grab a win together.”

On Thursday, Abe acknowledged he could be facing a “tough election”.

“I want to clarify if the growth strategy we are pushing is right or wrong,” he told a business audience in Tokyo.

But most commentators agree that the election is a fig leaf to cover Abe’s attempt to consolidate his own position within his fractious Liberal Democratic Party, and to fend off challengers in a party leadership election scheduled for September next year.

Abe runs the risk of undermining his authority if his coalition’s majority is reduced too much.

The last 24 months have seen two of the so-called “three arrows” of the premier’s policy blitz fired -- massive fiscal stimulus and a flood of easy money.

A third “arrow” of structural reforms has inched along in the face of resistance from the vested interests that it is intended to undermine, including a politically powerful farm lobby.

“The third arrow has never flown at all because it faces resistance” even from Abe’s own conservative LDP, Kenji Eda, co-leader of the opposition Japan Restoration Party, said Thursday.

While many economists say that it’s crucial to press on with reforms, critics worry that Abe’s growth blueprint will leave Japan saddled with more debt -- it already has one of the worst debt burdens among rich nations.

“We can’t have the (rich-poor) gap widen,” said Banri Kaieda, head of the main opposition Democratic Party of Japan.

“We can’t give him a blank cheque for another four years.”

According to opinion polls conducted by the Asahi newspaper this week, the Abe cabinet’s approval rate fell to 39% from 42% earlier this month. — AFP

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