Three days before entering new fiscal year,
the Diet passed a bill of national budget for FY2016, which amount marked new
record of ¥96.7 trillion. Politics around Shinzo Abe administration got into
new phase. The biggest issue is whether Abe decide to have simultaneous
elections of both Houses.
Abe seemed to be wanting to say “It’s
economy, stupid.” In his press conference right after the passage of the bill,
Abe insisted on his determination to improve the situation of Japanese economy.
“I have been saying that early passage of budget bill must be the greatest
incentive for economy. Quick execution is needed. I would like to order
Minister of Finance to start the projects earlier than planned,” told Abe. Abe
administration is considering additional spending for stimulating economy.
Why is he in a hurry so much? That is election.
All he wants to do must be amending the Constitution of Japan. Two-third
majority in both Houses is necessary for take initiative for national
referendum. If there is a good chance to make it, Abe will exercise the power
of dissolving the House of Representatives and have two elections of both
Houses on a day. The most likely date should be July 10th.
It is fair to say that the lifeline of Abe
administration is economy, anyway. Although he has been maintaining stable
economy mainly in exporting manufactures, most consumers are still not
realizing improvement of their life. Abe is considering a populist policy of
suspending the plan of raising consumption tax rate in next April to attract
the consumers and keep popularity for the election.
The opposite parties are growingly blaming
Abe’s handling of economy. “There already appeared a discussion for
supplementary budget. They must be admitting the mistake of new year budget
bill. It is obvious that Abenomics has bankrupted,” told Secretary General of
Democratic Party, Yukio Edano. They are going to emphasize their social
security policy for elder people or working mothers for the election.
However, it is still unclear whether the
opposite parties will be successful in building cooperative framework. Noticing
the possibility of simultaneous election, Japan Communist Party considers
raising common candidates in some districts of House of Representatives. But,
some lawmakers in DP are reluctant to cooperate with JCP, because of the
difference in some policies including security.
Abe is going to conclude about simultaneous
election as soon as late May, when Group 7 summit will be held in Japan. Popularity
based on economic situation will determine the fate.
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