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Japan snap election: a sign Abenomics is crumbling?
If Japanese Prime Minister Shinzo Abe were to call a snap election, it could extend the country's stock rally, but analysts say it would undermine confidence in his ability to put the economy back on a stable path in the longer-run. Speculation is building that Abe is considering dissolving the lower house of parliament, the more powerful of the two chambers, and announcing a snap election in mid-December if he decides to postpone the 2015 sales tax hike. "A snap election could have the virtue of giving the government a stronger mandate," Marcel Thieliant, Japan economist at Capital Economics wrote in a note. "But ... (full story)
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