News Headline Summary

Japanese PM Noda stands poised to dissolve the lower house Friday, setting the nation on course to the first general election since his ruling Democratic Party of Japan took power in 2009

- In a Diet debate Wednesday, Noda took the unusual step of naming a date to dissolve the lower house. The opposition Liberal Democratic Party agreed to his terms: cooperation in passing key legislation.

- Later, senior government and DPJ officials agreed on a plan to hold elections Dec. 16. Campaigning will officially begin Dec. 4.

Full article: http://e.nikkei.com/e/fr/tnks/Nni20121114D1411F01.htm

Update details:

- Note, the ruling party is likely to lose majority to the main opposition leader Abe who is known for his pro-monetary easing stance. Hence the softening of the JPY in recent trade.
- Noda's approval rating in recent polls has been at its all time lowest levels.

Print 23:13, 14 Nov 2012 - Asian News - Source: Nikkei