Japan is in worse shape than we thought, but Abe is set for an even bigger win.
Japan’s economic contraction in July-September was deeper than initially expected, according to revised data on Monday that backs Prime Minister Shinzo Abe’s recent decision to delay a second sales tax hike. The annualized contraction was 1.9%, not 1.6% as previously thought.
Latest media projections show Abe’s Liberal Democratic Party winning 303 to 320 of 475 seats, up from the 294 he won in 2012. Japan will be holding snap elections on Sunday.
Source: Business Insider / Dec. 8, 2014