Richard explains why Abe's power within LDP will remain strong despite his recent disapproval rating has increased.
Senate Republicans and Democrats reached a deal this afternoon to get a vote to begin debate on Trade Promotion Authority (TPA), following yesterday’s failure.
Trade Promotion Authority (TPA) has been delayed by today’s vote in the Senate against immediate opening of floor debate, but it definitely does not mean that TPA is dead. Rather, the vote is part of the negotiations between the Democrats and Republicans on how many other matters will be bundled together with TPA.
The 30% depreciation of the yen could be lowering Japan’s standard of living by as much as 4-5%, according to the GDP figures,