Japanese prime minister Shinzo Abe’s win in upper house elections do not mean his policies are universally popular, warns Andy Seaman, partner at Stratton Street Capital.
It is quite possible that the elections over the weekend may mark the peak popularity of Japan’s prime minister Shinzo Abe. He won control (with his coalition partners) of the upper house, although perhaps not by enough to get the two thirds majority needed to change the constitution, although Abe seems keen to pursue this.
Although he won the majority, giving him a majority in both houses, turnout was low. The optimistic side of this is that the support does mean that there us a consensus that change will have to happen in Japan – true but many of the moves are still unpopular.