Forex Alert: Japan parliament dissolved, snap Oct. 22 election expected
Japan’s lower house was dissolved today ahead of an expected snap Oct. 22 election being called by Prime Minister Shinzo Abe, as he seeks to confirm his mandate in the face a rising challenge from a popular new conservative party. Abe, a conservative who returned to power in 2012, is hoping a boost in his voter support in recent months will help his Liberal Democratic Party-led (LDP) coalition maintain a simple majority. It currently holds a two-thirds “super” majority. A number of opposition lawmakers boycotted the session at which the lower house was dissolved in protest at Abe calling the election and creating a potential political vacuum at a time when tensions are high with North Korea.
Source: Reuters
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