Zürcher Nachrichten - New Japan PM sweats for majority in snap election

EUR -
AED 3.962604
AFN 72.076569
ALL 98.615762
AMD 417.074346
ANG 1.942326
AOA 983.914488
ARS 1060.235325
AUD 1.623166
AWG 1.944634
AZN 1.836416
BAM 1.95568
BBD 2.176006
BDT 128.782079
BGN 1.959888
BHD 0.405981
BIF 3129.480023
BMD 1.078854
BND 1.423645
BOB 7.446542
BRL 6.138462
BSD 1.077754
BTN 90.696421
BWP 14.379449
BYN 3.526848
BYR 21145.531332
BZD 2.172307
CAD 1.491677
CDF 3074.732279
CHF 0.934362
CLF 0.036961
CLP 1019.872523
CNY 7.676686
CNH 7.680677
COP 4648.240905
CRC 555.678697
CUC 1.078854
CUP 28.589621
CVE 110.258218
CZK 25.267815
DJF 191.911753
DKK 7.459
DOP 64.907512
DZD 144.027478
EGP 52.534026
ERN 16.182805
ETB 128.447776
FJD 2.423375
FKP 0.825505
GBP 0.834596
GEL 2.955967
GGP 0.825505
GHS 17.366932
GIP 0.825505
GMD 75.519458
GNF 9296.557422
GTQ 8.333487
GYD 225.296142
HKD 8.38053
HNL 27.162959
HRK 7.432255
HTG 141.824563
HUF 403.113547
IDR 16815.606193
ILS 4.092664
IMP 0.825505
INR 90.703487
IQD 1411.826244
IRR 45411.645234
ISK 149.173134
JEP 0.825505
JMD 171.043443
JOD 0.764873
JPY 164.409801
KES 139.020963
KGS 92.244777
KHR 4383.831935
KMF 491.79563
KPW 970.968032
KRW 1486.865262
KWD 0.330775
KYD 0.898053
KZT 523.552649
LAK 23677.982507
LBP 96508.352831
LKR 316.306408
LRD 207.457239
LSL 18.978784
LTL 3.185574
LVL 0.652588
LYD 5.191777
MAD 10.676743
MDL 19.339169
MGA 4994.808511
MKD 61.531215
MMK 3504.074537
MNT 3665.944696
MOP 8.625349
MRU 42.860357
MUR 49.487277
MVR 16.560801
MWK 1868.728357
MXN 21.385997
MYR 4.692779
MZN 68.933221
NAD 18.978609
NGN 1771.877232
NIO 39.658112
NOK 11.835229
NPR 145.117437
NZD 1.793681
OMR 0.414562
PAB 1.077634
PEN 4.042351
PGK 4.308795
PHP 62.583761
PKR 299.332237
PLN 4.346325
PYG 8550.632561
QAR 3.929758
RON 4.974577
RSD 117.039513
RUB 103.425476
RWF 1457.644117
SAR 4.051449
SBD 8.93892
SCR 14.271321
SDG 648.935293
SEK 11.420583
SGD 1.424567
SHP 0.825505
SLE 24.489248
SLL 22623.01794
SOS 615.876389
SRD 36.261377
STD 22330.092138
SVC 9.429507
SYP 2710.652424
SZL 18.969185
THB 36.420479
TJS 11.477188
TMT 3.786776
TND 3.360793
TOP 2.526779
TRY 36.98224
TTD 7.321618
TWD 34.576172
TZS 2943.669449
UAH 44.457796
UGX 3949.757049
USD 1.078854
UYU 44.676838
UZS 13813.278377
VEF 3908203.985579
VES 42.520506
VND 27440.642317
VUV 128.083704
WST 3.022068
XAF 655.931853
XAG 0.031983
XAU 0.000396
XCD 2.915656
XDR 0.808569
XOF 655.928813
XPF 119.331742
YER 270.146677
ZAR 19.180669
ZMK 9710.976862
ZMW 28.585772
ZWL 347.390432
  • SCS

    -0.3400

    12.47

    -2.73%

  • RBGPF

    0.0100

    63.01

    +0.02%

  • RIO

    -0.9900

    64.49

    -1.54%

  • GSK

    -0.0200

    37.98

    -0.05%

  • CMSC

    -0.0950

    24.64

    -0.39%

  • RYCEF

    -0.0200

    7.27

    -0.28%

  • BP

    -0.2700

    31.31

    -0.86%

  • NGG

    0.1500

    66.44

    +0.23%

  • BTI

    -0.1800

    34.71

    -0.52%

  • CMSD

    -0.1700

    24.76

    -0.69%

  • BCE

    -0.1100

    33.21

    -0.33%

  • RELX

    -0.2000

    46.82

    -0.43%

  • BCC

    0.2600

    133.91

    +0.19%

  • AZN

    -0.3700

    76.95

    -0.48%

  • VOD

    -0.0900

    9.46

    -0.95%

  • JRI

    -0.0200

    13.05

    -0.15%

New Japan PM sweats for majority in snap election
New Japan PM sweats for majority in snap election / Photo: Yuichi YAMAZAKI - AFP/File

New Japan PM sweats for majority in snap election

New Japanese Prime Minister Shigeru Ishiba's snap election gamble could backfire this Sunday, with his ruling party at risk of losing its majority for the first time in 15 years.

Text size:

Ishiba took office and called an election less than a month ago after a tough contest within the Liberal Democratic Party (LDP), which has governed for all but four of the last 69 years.

"This is an attempt to create a new Japan that will drastically change the nature of Japanese society," he said. "To boldly carry out this major change, we need the confidence of the people."

But polls suggest the LDP could fall short of the 233 lower house seats needed for a majority for the first time since 2009. They currently hold 256 seats.

This would be bad enough, but some polls suggest that even with its junior coalition partner, the Komeito party, Ishiba will be unable to form a government without forming other alliances.

Not helping matters is the popularity of Yoshihiko Noda, the new head of the opposition Constitutional Democratic Party and a former prime minister, who at 67 is the same age as Ishiba.

Noda's stance "is sort of similar to the LDP's. He is basically a conservative," Masato Kamikubo, a political scientist at Ritsumeikan University, told AFP.

"The CDP or Noda can be an alternative to the LDP. Many voters think so," Kamikubo said.

- Population problem -

Japan faces major challenges. With its population projected to drop by almost a third in the next 50 years, many sectors already struggle to fill vacancies.

The world's fourth-biggest economy has long been flatlining, with a weak yen pushing up import prices in recent years, especially of fossil fuels which still dominate power generation.

Polls show that voters' biggest worry is inflation, which along with a party slush fund scandal torpedoed Ishiba's predecessor Fumio Kishida after three years in the job.

Japan already has one of the highest debt-to-GDP ratios in the world, yet the government faces a ballooning bill to care for the growing ranks of the elderly.

Another big area of spending is the military, with Kishida having pledged to double defence spending and boost US military ties as a counter to China.

- Rural decline -

Ishiba has vowed to revitalise rural areas, where more than 40 percent of municipalities risk disappearing according to a survey in April.

"If the village is left as it is now, the only thing that awaits us is extinction," said 74-year-old Ichiro Sawayama, an official in Ichinono near Osaka, one such locality.

The community of fewer than 60 people has only one child, and staffed mannequins dot the streets to give the appearance of a bustling hamlet.

Ishiba has promised to consign deflation to history -- stagnant or falling prices have stalked Japan for decades -- and to boost incomes with a stimulus package.

He says he wants to hike the average national minimum wage by more than 40 percent within this decade, although this could hurt many small firms.

But after an initial honeymoon, Ishiba's poll ratings have dipped, with a recent Kyodo News survey giving his cabinet a disapproval rating of 40 percent.

Not helping his cause with women is the nomination of just two female members to his cabinet in a country ranked 118th in the 2024 World Economic Forum's Global Gender Gap report.

A separate poll by the Asahi newspaper found public approval for the cabinet at 33 percent and disapproval at 39 percent, worse than Kishida ahead of his first election in 2021.

But whether the opposition can capitalise and cobble together a majority instead is moot, said Yu Uchimura, a political scientist at the University of Tokyo.

"If the opposition is able to unite as a large group like the Democratic Party did in 2009, then they can win," Uchimura told AFP.

"But that is the problem with the opposition; they always fight among themselves and disband very quickly."

hih-ap-tmo-stu/kaf/hmn

O.Meier--NZN