Business World

Abe seen headed for extended term despite policy doubts

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TOKYO — Japanese Prime Minister Shinzo Abe announced his candidacy on Sunday for a ruling party leadership election he is expected to win, despite low expectatio­ns for his economic policies and doubts over his push to revise the pacifist constituti­on.

The expected victory over exdefense minister Shigeru Ishiba in the Sept. 20 Liberal Democratic Party (LDP) poll would put Mr. Abe on track to become Japan’s longest-serving premier.

The winner becomes prime minister due to the LDP-led coalition’s grip on parliament.

“It is my responsibi­lity to respond to the mandate of the people,” Mr. Abe told reporters during a trip to southweste­rn Japan. “I am resolved to steer Japan for another three years as LDP president and prime minister.”

Analysts say Mr. Abe looks set hold on to the top job because his nearly six years in power have enabled him to woo LDP backers with cabinet posts and other favors and to shut out rivals, while a weak opposition makes his lukewarm popularity among the electorate less relevant.

Mr. Abe began a second stint as prime minister in 2012 promising to reboot the deflation-plagued economy with his “Abenomics” policies and to bolster defense.

He has boosted defense spending and loosened constituti­onal limits on the military but, on the economic side, the Bank of Japan has failed to reach its two percent inflation target despite an ultraloose policy.

What Mr. Abe will pursue if he wins the vote and extends his tenure as prime minister is far from clear.

“What is the economic agenda? The answer is stability — don’t rock the boat,” said Jesper Koll, head of equities fund WisdomTree Japan.

On the security front, Mr. Abe wants to revise the post-war constituti­on’s pacifist Article 9 to clarify the ambiguous status of Japan’s military. The article, if taken literally, bans maintenanc­e of armed forces but it has been interprete­d to allow a military for self-defense.

CONSTITUTI­ON CHANGE RISKY Whether he will make the attempt is in doubt, since the proposal is controvers­ial and the process is politicall­y risky. Amendments need approval by two-thirds of both houses of parliament and a majority in a referendum.

“The only concrete item on his agenda I can see is constituti­onal revision, and that is unlikely to fly,” said Columbia University emeritus professor Gerry Curtis.

Mr. Abe is not wildly popular, although his ratings have recovered from lows of about 30% earlier this year amid accusation­s of cronyism scandals. He has denied wrongdoing.

An Asahi News Network (ANN) survey published last week put his support at 38.8%, while a Kyodo news agency poll on Sunday showed support at 44.2%. A Nikkei business daily survey released on Monday put support for Mr. Abe’s cabinet at 48%, up three points, while a poll by the conservati­ve Yomiuri newspaper showed support of 50%, up five points.

Mr. Ishiba, who stresses the need to revive public trust in politics and redress economic imbalances, outranked Mr. Abe among voters asked who they’d prefer to see as premier in the ANN poll. But among LDP backers Mr. Abe led with 58% to Mr. Ishiba’s 31%.

In the Nikkei survey, 39% of all voters backed Mr. Abe for next premier versus 31% for Ishiba. The%age picking Mr. Abe jumped to 65% among LDP supporters.

Media surveys suggest Mr. Abe has the support of at least 70% of the 405 votes in the leadership election from LDP parliament­arians. Another 405 votes will be apportione­d based on the votes of rank-and-file party members.

“Mr. Abe gets people as excited as cold pizza but will win because he co-opts, sidelines and intimidate­s potential LDP rivals, and doesn’t have to worry about tepid public support because the opposition has imploded,” said Jeffrey Kingston, director of Asian studies at Temple University Japan campus.

The opposition Democratic Party of Japan, haunted by its rocky 2009-2012 rule, broke up last year.

Its successors, the left-of-centre Constituti­onal Democratic Party of Japan (CDPJ) and the centrist Democratic Party for the People (DPP), are struggling.

CDPJ support was at 5.6% in a survey by NHK public TV this month and that for the DPP at 0.4%. LDP support was 35.6%, with 43.2% backing no particular party. —

 ?? REUTERS ?? JAPANESE Prime Minister Shinzo Abe smiles as he receives a bouquet after announcing his candidacy for the ruling Liberal Democratic Party leadership election in Tarumizu, Kagoshima Prefecture, Japan in this Aug. 26 photo taken by Kyodo.
REUTERS JAPANESE Prime Minister Shinzo Abe smiles as he receives a bouquet after announcing his candidacy for the ruling Liberal Democratic Party leadership election in Tarumizu, Kagoshima Prefecture, Japan in this Aug. 26 photo taken by Kyodo.

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