Noda’s Support Slides as Policy Deadlock Weighs on Economy

0

The popularity of Yoshihiko Noda, Prime Minister of Japan dropped low as an argument with the opposition leaders intensified as they wanted him to plan new election schedule in substitute for considering legislation required to finance the budget.

Asahi newspaper’s poll noted that the support for Noda fell 5 percent to 18 percent, after he failed to win over the opposition without announcing a specific date for election. Nippon Television’s survey showed that the support for his cabinet fell 7 percentage to 20.8 percentage.

Noda’s efforts have also been undermined due to a scandal that involved the justice minister. The scandal weakened the party’s hopes in elections that must be announced by August. The deadlock of the legislation left him with few chances to revive the stumbling economy being beaten by sinking exports along with a territorial dispute with its trading partner China.

Katsuhiko Nakamura, Director of Research at Asian Forum Japan, said that the Democratic Party of Japan can obviously lose if they withstand the election now. It is said that, Noda will not resign as the Democratic Party has nobody else to be as a leader.

Last week, talks with the two oppositions New Komeito leader Natsuo Yamaguchi and Liberal Democratic Party leader Shinzo Abe, fell apart. Their support is essential to pass bills in the Parliament’s upper chamber. The two party leaders said that there was no firmer promise on the election so they could not support for the passing of bills.

Today’s report from the government noted that the September exports dropped the most since the consequences of the 2011 March earthquake, as a strong yen. The clash with China raised the chances of narrowing the country’s economy.

Koriki Jojima, Finance Minister, noted that the government will have shortage of money if a bill to issue deficit-financing bonds is not passed.

Noda made an agreement in august with the opposition to double the 5% sales tax with regarding to the promise against the commencements of elections very soon. Last week Noda said that before fulfilling his promise, he wants support on electoral constituencies’ changes, building a framework for improving the security system, and also on bill passage.

Seiji Maehara, Economy Minister said yesterday that he is hoping an election would come before the end of 2012.

Jun Azumi, DPJ acting secretary general said to the reporters that the government will announce a special parliament session that starts from 29 October.

Share.

Leave A Reply