One of the major reasons for Prime Minister Shinzo Abe’s reelection last December, apart from a weakened and divided opposition, was the stability of economic policy. With a weakened yen, a stock index that is surging, and long-awaited inflation instead of deflation, Abe has been able to claim several successes.
Keiichiro Asao is among the most urbane and accessible of Japanese party leaders, and so he is in many ways a man that you want to root for. But in the nearly six months since he took over the leadership role of Your Party he has produced little prospect of a bright future for the organization.
For quite some time Yoshimi Watanabe’s Your Party has seemed like one of the less dysfunctional Japanese opposition parties. Larger opposition parties like the DPJ had lost any recognizable policy identity, whereas Your Party’s commitment to free market economics, deregulation, and decentralization was rather consistent. And, unlike the Social Democratic Party or Japan Communist Party, Your Party’s agenda was sufficiently mainstream and conservative that at least part of The Establishment, especially the business sector, could conceivably embrace them.