Accessibility links

Breaking News

Japan's Ruling Coalition Wins Election

Liberal Democratic Party (LDP) Secretary-General Sadakazu Tanigaki, center left, gestures next to Japan's Prime Minister Shinzo Abe, center right, as they pose during an election night event at the LDP headquarters in Tokyo, Dec. 14, 2014.

Japanese Prime Minister Shinzo Abe's ruling coalition has won a landslide victory in lower house snap elections, despite a low voter turnout.

Exit polls show the conservative Liberal Democratic Party and its junior partner, Komeito, winning more than 310 seats in the 475-member lower house.

Abe called the election two years early to obtain a fresh mandate for his "Abenomics" strategy of fiscal stimulus and structural reforms.

"Abenomics is still on its half way. But, compared to the dark and stagnant era a few years back, I think I presented the impression that I managed to reverse such economic condition," Abe said.

"But, I also acknowledge that there are still many who don't feel such change. I think the [election] result was that voice of the people to say that it is our mission to deliver such change to those who are yet to feel and that we can do that," he added.

The new voter mandate grants Abe four more years to implement difficult reforms, including a reduction in the country's massive debt and restructuring of its agriculture sector.

Abe won a rare second term as prime minister in 2012 with promises to reboot Japan's stagnant economy, which has been plagued by low birth rates and a shrinking and aging population.

Since then, corporate profits have boomed as the Japanese yen weakened in value. The economy, however, slipped back into recession in April, following a sales tax increase.

Your opinion

Show comments