Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Japan PM Abe says to decide timing of election on return from U.N. trip

Published 09/18/2017, 06:37 AM
Updated 09/18/2017, 06:40 AM
© Reuters. Japan's Prime Minister Shinzo Abe speaks to media after North Korea's missile launch, at his official residence in Tokyo

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said he will decide on the timing of a snap general election after he returns on Friday from a trip this week to address the United Nations.

"Regarding the dissolution of the lower house, I would like to refrain from commenting on every question, but I would like to make a decision when I return home," Abe told reporters on Monday as he left for New York, according to a Foreign Ministry transcript.

Abe is considering calling a general election, the third since he swept to power in December 2012, as early as Oct. 22, to take advantage of a rebound in his approval ratings after a series of scandals for this coalition government, and disarray in the main opposition party, government and ruling party sources told Reuters on Sunday.

Abe is scheduled to speak at the UN General Assembly and the New York Stock Exchange on Wednesday, and is seeking to arrange meetings with U.S. President Donald Trump and South Korean President Moon Jae-in before returning to Japan on Friday.

An early vote would take advantage of defections in opposition Democratic Party and could also dilute a potential challenge from an embryonic party that allies of popular Tokyo Governor Yuriko Koike, an ex-LDP lawmaker, are trying to form.

Abe's coalition would be likely to lose its two-thirds "super majority" in the lower house but keep a simple majority, political sources say.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.