Japan’s Economy Monopolizes The Discussion Before Elections

The economy monopolized the debate between the Japanese political forces two weeks before early elections in Japan, for which the ruling party Shinzo Abe partly as a clear favorite, according to recent polls.

The leaders of the three main parties of Japan presented today its different recipes to revive the ailing national economy, at a roundtable organized by the NHK television two days before officially starting the campaign.

The elections reach mid-term and presented as a question about the ambitious economic strategy promoted by Abe, known as “Abenomics” and that seeks to bring to Japan’s chronic deflation through fiscal stimulus, monetary easing and a substantial investment public.

“Abenomics is still halfway to achieve their goals,” said the conservative prime minister, who stressed the need for “additional incentives” to encourage domestic consumption, the main pillar of Japan’s economy during his speech in the debate television.

Abe was referring to his promise to postpone until 2017 the new higher tax on consumption of 8 to 10%, a measure adopted by the Japanese Parliament in 2012 with a view to apply and next year.

Delayed tax increase is the main reason that led the government to dissolve the House of Representatives to call early elections after the latest data of Gross Domestic Product (GDP) show that the country has entered a technical recession again .

Surveys suggest that Abe will get the support you are looking to continue his economic program, thanks to the weakness of the opposition and even though the majority of voters disapprove of the Executive.

The Liberal Democratic Party (LDP) would get 28% of the votes in the elections on the 14th, which would guarantee a similar broad majority that currently holds in the Japanese Parliament, says the survey released on Saturday Kyodo.

The current socio Government of PLD, the New Komeito party proposes meanwhile cushion the future increase in VAT on basic consumer goods, and also highlights the need to raise wages in line with inflation, noted in the discussion of today the leader of this training, Natsuo Yamaguchi.

Instead, the main opposition party, the Democratic Party (PD), criticized the economic strategy of the Executive and warned that the wage increase will not happen “unless the creation of regular employment it rests, instead of work temporary, “according to its leader, Banri Kaieda.

But the PD remains to convince voters from the electoral bump in 2012, and according to that survey, get 10.3% of the vote, which would further reduce its current parliamentary presence.

While polls Abe located undisputed favorite, reflecting the rejection of his party voters has increased to 47.3%, exceeding the support of 43.6 percent for the first time since the previous elections .

The economic situation of the country, and especially the previous tax increase of 5 to 8% which came into force in April, the Government has taken its toll and the controversial revision of Japan’s pacifist constitution.

A vast majority of those polled almost 85% – believes that the Japanese economy has not improved thanks to “Abenomics” while 53.3% oppose the reinterpretation of the Magna Carta, which aims to give China one more active international military role.

When 14 days left to an election in which provides a low turnout, over 40% of voters have not yet decided how to vote, according to Kyodo poll.