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30 Jul 2014
Popularity of Abe cabinet declines - Nomura
FXStreet (Bali) - The approval rating of PM Abe’s cabinet declined in July to 48% from 53% the previous month, according to Nikkei, notes Yujiro Goto, FX Strategist at Nomura.
Key Quotes
"More people (44%) still support the economic policy after the updated growth strategy, while 37% of respondents do not think the policy is right."
"However, although the approval rating of the Abe cabinet has been declining recently, the level is still relatively healthy, unlike that of his predecessors."
"We do not think the recent decline in the Abe cabinet’s job approval rating should have much influence on JPY, but we will keep monitoring whether the downtrend continues."
Key Quotes
"More people (44%) still support the economic policy after the updated growth strategy, while 37% of respondents do not think the policy is right."
"However, although the approval rating of the Abe cabinet has been declining recently, the level is still relatively healthy, unlike that of his predecessors."
"We do not think the recent decline in the Abe cabinet’s job approval rating should have much influence on JPY, but we will keep monitoring whether the downtrend continues."