Japan PM Abe’s LDP seen nearing two-thirds majority in Oct 22 election – Nikkei

Dhwani Mehta FXStreet

A survey published by the Nikkei business daily late-Wednesday showed that Japan’s PM Abe’s ruling party – Liberal Democratic Party (LDP) is seen nearing its two-thirds “super” majority in an Oct. 22 lower house election, Reuters reports.

Key Findings of the survey:

“Abe’s conservative Liberal Democratic Party (LDP) and its more dovish junior partner, the Komeito, are likely to secure more than 290 seats in the 465-seat chamber

The Nikkei said Koike’s party was on track to get around 69 seats, with a forecast range of 46-110.

Another new party, the Constitutional Democratic Party of Japan, formed from the liberal wing of the failed opposition Democratic Party, was set to win more than 40 seats”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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