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Sunday, November 17, 2024

Japan votes in early election as Abe seeks record fourth term

Voters in Japan have been going to the polls in a snap general election, giving their verdict on Shinzo Abe’s government after almost five years in power.

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Forecasts suggest the prime minister’s gamble is likely to pay off, even though many Japanese people didn’t want this election now.

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Japanese stocks hit their highest level since 1996 on Monday after exit polls indicated Prime Minister Shinzo Abe had won a clear election victory.

His conservative Liberal Democratic Party (LDP)-led coalition is tipped to be close to obtaining the two-thirds “super majority” it had in parliament’s lower house before it was dissolved.