Japan PM Abe popular with businesses, despite approval slide - Reuters poll

Joshua Gibson FXStreet

As reported by Reuters in one of their polls, Japanese business leaders strongly favor Prime Minister Shinzo Abe, despite the PM's slipping approval rating with the Japanese public.

Key quotes

"Out of 223 respondents, 73 percent wanted Shinzo Abe to win a third, three-year term as the leader of the ruling Liberal Democratic Party."

" 94 percent want the ruling bloc that is dominated by the LDP to stay in power."

"Asked who is best suited to be prime minister, Abe topped the list at 52 percent. He was followed by former cabinet minister Shigeru Ishiba - who wants to challenge Abe for the top post - with 17 percent."

"Japan’s latest GDP data showed the economy is in the midst of its longest run of growth in almost three decades."

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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