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Conservatives sweep to power in faltering Japan

Home - by - December 17, 2012 - 10:15 America/New_York - 6 Comments

World News

TOKYO – Japan’s conservative Liberal Democratic Party (LDP) surged back to power in an election on Sunday just three years after a devastating defeat, giving ex-Prime Minister Shinzo Abe a chance to push his hawkish security agenda and radical economic recipe.

Exit polls by television broadcasters showed the LDP winning nearly 300 seats in parliament’s powerful 480-member lower house, while its ally, the small New Komeito party, looked set to win about 30 seats.

That would give the two parties the two-thirds majority needed to over-rule parliament’s upper house, where no party has a majority and which can block bills, which should help to break a deadlock that has plagued the world’s third biggest economy since 2007.

An LDP win will usher in a government committed to a tough stance in a territorial row with China, a pro-nuclear energy policy despite last year’s Fukushima disaster and a potentially risky prescription for hyper-easy monetary policy and big fiscal spending to beat deflation and tame a strong yen.

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» 6 Comments

  1. Tragic Redemption (formerly muddjuice)

    December 17th, 2012

    Okay…..but will they still make cool electronics?

    I need a new PS3……

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  2. RANDO

    December 17th, 2012

    Does this have anything to do with the recent NoKo rocket launch?

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  3. Carlos The Jackal

    December 17th, 2012

    “conservative Liberal Democratic Party” Really?
    How does that work?

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  4. Left Coast Dan

    December 17th, 2012

    @Carlos – I was wondering the same thing. Maybe they were being sneaky?

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  5. Stranded in Sonoma

    December 17th, 2012

    Remember that the term liberal actually meant to believe in liberty. The socialists stole it to make themselves sound like they stand for freedom. Many also think that the form of gov’t we all should aspire to is a democracy. So it’s not too far-fetched to see a liberal democratic party as being the conservative party.

    In most of these places, you will see that the uber-marxist parties are the Green Party. In Japan, it is the Green-Green Party. They’re all just brain-dead knuckle-dragging marxists.

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  6. IronyCurtain

    December 17th, 2012

    Last time BigFurHat and I were in Japan we wanted to see the nuclear plant so we walked into a joint called the Fuk A She-ma Club.
    We’ll never make that mistake again, I can tell you.

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