Japan politics - Abe Cabinet support rate drops to 37%
A poll conducted by a Japanese media group, Kyodo News poll shows:
- Public support for Prime Minister Shinzo Abe's Cabinet has dropped 5.4 points to 37.0%
- Disapproval rate for the Cabinet 52.6% (up from 47.5% in the survey conducted two weeks ago)
The poll results were announced over the weekend, the fresh slide for Abe comes from revived allegations that he helped a friend secure government approval to open a new veterinary school
For the yen the causation loop seems to run that a slide in Abe's approval leads to more (perceived) efforts to boost the economy .... i.e. a renewed focus on easing from the BOJ and therefore a negative input for the yen.
Abe's annoyed look