JAMA Comment on Japan’s 47th Lower House Election Results

Fumihiko Ike, Chairman, Japan Automobile Manufacturers Association, Inc.

JAMA views the outcome of yesterday’s Lower House election as an indication of voters’ evaluation of the “Abenomics” stimulus policies introduced by the administration of Prime Minister Shinzo Abe, and as an expression of expectations for further growth strategies going forward.

Meanwhile, the impact of this April’s hike in the national consumption tax on Japan’s economic climate has been greater than anticipated. At JAMA, this situation has fuelled keen hopes that the new administration will not only act with speed and resolve in the steady implementation of growth strategies and pledges set forth in the election platform, but also actively promote other policies aimed at accelerating business recovery and moving Japan’s economy into a full-fledged positive growth cycle.