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.
Today Prime Minister Shinzo Abe will form his third cabinet since his December 2012 return to power. It will look an awful lot like the second cabinet, the only difference being that underperforming Defense Minister Akinori Eto will be dropped in favor of veteran hand Gen Nakatani.
Prime Minister Shinzo Abe’s rather bizarre decision to call an early general election at a juncture that is distinctly unfavorable to his personal interests has set analysts ablaze, wondering how many seats the LDP-Komeito coalition can lose before Abe’s gambit would be judged a political failure.
