Abe likely to gain clout from elections--temporarily.
From everything we hear, Abe is determined not only to call the early elections we discussed in our Nov. 11 Alert, but he is equally determined to postpone the next hike in the consumption tax from October 2015. Most likely he will postpone it until April 2017.
Abe almost certain to call snap election for Lower House and delay hike in the consumption tax.
Abe’s approval ratings fell again; in the NHK poll, approval was down to 44% while disapproval was up to 38%.