Japan PM Abe's ruling bloc keeps 2/3 majority in election -exit polls

  • 2/5/2023
  • 23:03
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TOKYO, Safar 22, 1436, December 14, 2014, SPA -- Prime Minister Shinzo Abe's ruling coalition won a massive victory in Sunday's election, media exit polls showed, in a vote the Japanese leader has dubbed a referendum on his reflationary recipe for reviving the world's third-biggest economy, Reuters reported. Exit polls showed the coalition would win a two-thirds majority in the 475-seat lower house, but Abe's Liberal Democratic Party fell short of such a "super-majority" on its own. Abe, 60, called the election two years early in order to obtain a fresh mandate for his "Abenomics" strategy of hyper-easy monetary policy, fiscal stimulus and structural reforms after his decision to put off an unpopular sales tax rise next year for fear it would derail a recovery already in doubt. --SPA 14:19 LOCAL TIME 11:19 GMT www.spa.gov.sa/w

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