Japan politics - Abe Cabinet support rate drops to 37%

Author: Eamonn Sheridan | Category: News

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


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