- 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
Analysis details (18:14)
- 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.
14 Nov 2012 - 18:13 - - Source: Nikkei
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