Japan upper house election - Abe maintains solid majority

Author: Eamonn Sheridan | Category: News

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%.


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


ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose