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Forex Flash: Abe´s popularity continues to rise - Nomura

FXstreet.com (Barcelona) - Nomura strategist Yujiro Goto notes that Abe‟s economic policy has been supported internationally and domestically.

He begins by noting that PM Abe´s popularity rise further in April, suggesting that his economic policies are gaining broader support from the voters. Further, he sees that the Abe cabinet´s job approval rating rose to 76% from 69% in April, the highest level since late 2001 when the PM Koizumi had high popularity, according to the Nikkei. Goto adds that the job approval rating started at 62% in December and it has been rising since Mr Abe took office, which is very rare for Japanese Prime Ministers. He writes, “The LDP‟s popularity rating has also risen to 56% from 51%. The LDP‟s steady coalition partner, New Komeito, has also gained popularity, as its rating has risen to 6% from 4%. The gap between the ruling coalition and the opposition parties has widened further.”

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