This page has been archived and commenting is disabled.
Japan's Abe Wins In Landslide Victory, LDP To Have Supermajority According To Exit Polls
As previewed yesterday, in one of the lowest turnout elections in recent years (due to heavy snow: where have we heard that before) the ruling party of Japan's Prime Minister Shinzo Abe, the LDP, is set for a landslide victory in the lower house elections today, according to exit polls. Here is Bloomberg with the details:
- JAPAN RULING LDP WINS 275-306 SEATS: NHK EXIT POLL
- JUNIOR COALITION PARTNER KOMEITO WINS 31-36 SEATS: NHK POLL
- JAPAN OPPOSITION DPJ WINS 61-87 SEATS: NHK EXIT POLL
- JAPAN INNOVATION PARTY WINS 30-48 SEATS: NHK EXIT POLL
- JAPAN COMMUNIST PARTY WINS 18-24 SEATS: NHK EXIT POLL
- JAPAN RULING COALITION SET TO WIN 2/3 MAJORITY, NHK EXIT POLL
- TURNOUT PROJECTED AT BETWEEN 51.7% AND 52.9%
What happens next?
Here is Goldman's visual summary:
AP's take: "A landslide victory could improve Abe's chances of pushing ahead with difficult political and economic reforms, and his long-term goal of revising Japan's constitution. Share prices have risen and many companies have reported record profits, but the recovery has faltered in recent months, with the country returning to recession after a sales tax hike chilled demand among consumers and businesses."
Japan's Finance Minister, Taro Aso, best known for eyewatering gaffes and constant propaganda, commented: "I believe this shows that voters gave the Abe administration a positive evaluation over the past two years."
Unfortunately, considering that in order to push the Japanese stock market, Abe had to crush not only the economy, resulting in an unprecedented 4th recession since Lehman:
... and also send real wages reeling for a record 16 consecutive months, as a result of soaring import-cost inflation:
... as well as push corporate bankruptcies to a record high due to the plunging yen:
... it is difficult to believe any of the prevailing propaganda narrative, especially when one considers the steadily declining popularity of Abe's cabinet:
So what really happened? The following observation from AP is spot on: "Despite weakening popularity ratings, a recession and messy campaign finance scandals, the Liberal Democrats were virtually certain to triumph thanks to voter apathy and a weak opposition."
And there you have it: the apathetic Japanese people have spoken, or rather chosen not to. As a result, when the entire Japanese house of Ponzi cards comes crashing down for the final time, they will have nobody but themselves to blame. Which, incidentally, is the case in every other "developed" nation.
»
- 10430 reads
- Printer-friendly version
- Send to friend
- advertisements -
Same as it always was.
Abenomics - Printing massive amounts of money in an attempt to stimulate a demographically anemic economy, then raising the sales tax by a significant amount, thereby contracting same aforementioned economy.
What a bunch of morons...
LOL. A fifth horseman joins the other four riding thru Japan. The fifth horseman's name?
Propaganda.
Hah ha ha ha ha ha
Watch the yen take a hit with the continued printing and psych of the super majority.
Now lemme see... what happens to bonds, the dollar and gold?
Oh yeah. More of the same.
BTW. So Japan continues down her sclerotic path, simply giving another nail in the coffin of the Great Global Recovery or whateverthefuck they're calling it now. The MSM is saying that the rest of the world's in the shitter and ignoring domestic weakness and pending problems. So, what's next?
Sooner of later the Fed's gonna have to open the spigots Big Time, Again Part 100 Foreveah.
Must reflate at all costs
"Sooner of later the Fed's gonna have to open the spigots Big Time"
Why should the FED do it? It seemed to me they just closed the spigot ... not sure you are right....
USD/YEN TO 400+
With Abernankeconomics working so well, why change course now?
/sarcasm off.
Well this sets the stage for another military dictatorship in Japan soon
Cause Abe has the "political capital" to finish fucking up Japan completely.
China must see it coming soon so expect a lot of increased tensions in Asia soon
To my Japanese friends: BUY GOLD NOW!
No wonder Japan is circling the drain.
The people are retards.
This should be good for the S&P and Dow Jones.
Oddly, I don’t see as many Japanese over here as I thought would come to escape Fuki, depression, etc there at home. Still see quite a few Mainlanders and Indians but not nearly as many of them either as before. The housing market is pretty still right now where I live and many sellers are cutting since they fear this oil thingy will lead to massive increase in joblessness of the Middle Class – almost zero sales last month the realtor down the street says. She predicts the worse winter for her since she began 8 years ago.
The FSA, EBT’ers and similar seem to be doing ok since Walmart was packed and even some new Escalades out front.
Forward !
Goodbye Japan- been nice knowing you.
And how, pray tell have they closed the spigots?
DJA to the moon, Alice!
DaddyO
+1000.... Why many act like the Fed have stopped the printing and manipulation and we now have a untainted economy is beyond all logic.
Individually most will admit they are still manipulating but collectively they don't. Even Tyler throws up charts and data trying to explain what can only be explained by wholesale manipulation. Most, (probably all), "investers" are aware of this manipulation, have no problem with it so long as they are in the green and are just along for the ride. When it caves, they will be there screaming for bankster blood like the rest of us even though they were willing accomplices. Pretty typical of the human animal from my life experiences.
I see why you say that--the closed spigot signal has been sent and the scenario in the US hasn't destabilized.
But they've got a couple hundred trillion in unfunded liabilities over the next few decades. To cover that, they need 4 or 5 hundred trillion in circulation. Even indoctrinated fascist sociopaths (TPTB) understand there is no way legitimate growth will accommodate that, and there is no will to cut back on obligations.
From the perspective of TPTB, what better time than now? The markets, subjects, and media all accept it, even embrace it (especially if you throw some bones their way). Our dear leader is on his way out so within a couple years the incumbents have someone to blame it on.
Suppose the risk may be triggering a Japan-style decline. I suspect, though, they've been pumping in other ways since closing the spigot. What's 'Belgium' been up to? I haven't been paying attention.
Japanese voters just adding an excellerent to the fire. Japans currency will go first then the Euro then the dollar. These events will be like watching a train crash in slow motion, although the actual crashes will be in warp speed.
At least they'll know without a shadow of a doubt whom they'll have to hang, then TSHTF...
Not only that Knukles they took the whole fucking bar.
"JAPAN COMMUNIST PARTY WINS 18-24 SEATS: NHK EXIT POLL"
Biggest mistake we made after WWII. This island should have been renamed Americaville with a Disney World on every corner. McDonalds for president and Wal Mart running the CB.
Barring the fact that Disneyland/world, McDonalds and Walmart didn't exist then but I get what you're saying
I hope this is intended to be some sort of irony. Japan was made Americaville in everything except name already. A small percentage of voters for the communist party (you really think they would be worse than the Keynesian fascists that the CIA currently ensures wins every election?) is not an indicator of anything. Washington's tentacles couldn't be further dug into this freakshow island.
America's biggest mistake before WWII was forcing Japan out of isolation 150 years ago.
What choice do the plebians have? They have to go with the program in hopes of putting food on the table. And when they perish, the descriptive caption under the photograph will be 'victim'.
What choice to they have? Revolution, that's what choice they have! Fight the bastards and send them all back to fiat hell.
1. Don't vote in national elections, it just give them credibility and legitimacy to abuse the people over and over again.
2. Show up wherever congressional politicians make their speeches and boo them vociferously, mock them until they run away like cowards.
3. Don't file federal income tax forms any longer. When they come to your door to take you away, show them what extreme prejudice is all about because if they take your blood, you take their blood with you!
American men are either going to grow a pair and take back their country or they and their families will be locked away in some backwater FEMA camp and starved to death.
Uh, this is JAPAN we're talking about. Revolution is simply not in their blood. Following whoever's in charge is.
They're gonna have a hard time topping their ancestors.
https://www.youtube.com/watch?v=E93P_meu5aU
'A struggle between men who want to die and men who fight to live.'
Well.....there won't be anybody else to blame. Abe back in....his party has a super majority......BANZAI!!!!!!
And we get a front row seat to watch Japan commit Seppaku.
No matter how bad everything else is getting hit this past week, this will probably result in a massive jpy smash, which is sure to ramp up US stocks to make up for last weeks loses. It still amazes me that one of the biggest economies in the world deliberately trashing their currencies mean record-er highs in us markets.
Yes! Looks like i'll be holding my short yen trade from here till valhalla!
https://www.youtube.com/watch?v=RCtzQRkrj0U
has the whole world caught the ignoramus syndrome so prevalent here in the USA?
first Scotland thinks it's best to remain enslaved to GB, then the Swiss decide to continue trusting their criminal central bank, and now Japan has chosen to keep a leader who will gut their pensions and allow the cabal to kill their economy.
stop the world. I wanna get off.
How about doubting the fucking process a little? Every country you listed is a FAKE democracy run by sociopaths. Every vote is RIGGED!
Keep them in existential fear, then you get those results.
Plus Japan is a prime example of being stuck in 'keeping face', i.e. never admit you decided wrong no matter how long ago.
Right. Scotland's a welfare state and Japan is a 'psycho' state.
Voting does as much good in Japan as it does in the USSA
Does it really matter who the captain of the Titanic is.
Not after it hit the iceberg. Before? Yes.
maybe ZH is just trying to scare us. maybe the Japanese are very happy with ABE and everything is going really well for them.
Commence printing to infinity and beyond
Abefinity.
Voter apathy is global, except is Russia...where they will vote for Putin to stay armed to the teeth.
Media is very powerful
There is no salvation. Japanese have been totaly impotent.
What else would you expect from a bunch of kamikaze. ..
Let's see how they do compared with Zimbabwe. Zimbabwe actually managed to stretch it pretty long, considering they printed without being the reserve currency. They were inflating around 1980 to 1997 at an average rate of 18.6%, then they hit some bigger numbers: '98 48%, '99 56.9%, '00 55.22%, '01 112.1%, '02 198.93%. Into hyperdrive in 2003 at 598.75%, '04 132.75%, '05 585.84%, '06 1,281.11%, '07 66,212.3%, and finally in 2008: 231,150,888.87%. So they managed to use their currency from 1980 until until it became worthless in 2008. Keep in mind when they started out, one Zimbabwe dollar was worth about $1.47US. I also don't know what was happening to paychecks in Zimbabwe. Did they follow along for awhile? Probably not. They had a very healthy black market in US dollars during this time, and now of course, being on the dollar, they may actually get to take the ride a second time. Japan has a real problem, in that what would they use for a black market currency? How do you run an entire developed country on the black market? These guys are in for some pain, for sure.
'How do you run a developed country on the black market'?
You don't. The economy will largely collapse, and the economy will devolve into a situation where you have barter taking place within small communities. It will be tough to get things like energy and raw materials, which they have none of, when your currency is worthless
Duplicate
And they could have kept it going if not for their greed and hatred of YT.
http://en.wikipedia.org/wiki/Land_reform_in_Zimbabwe
Where does the Yen go to? 150? 200? 2000?
On value-parity,
with next to nothing.
Wow. Japanese used to be tough characters 40 years ago! Now they agonize in the mirror over what styles to wear as they retreat and slowly sink. I'm having difficulty processing this. ...Need more information...
US was tough(er) 40 years ago too.
Well, they might be saying what the fuck, we're all going to die eventually by nuclear waste poisoning, so who cares...
Teeknowlaji happened
Print baby, print!
Currency wars are going full on.
Wait... so you're saying that if I don't vote for lying fucking wastrels or participate in a system of lies and propaganda, it's still my fault when it all comes crashing down?!
yeah, this.
Your fault? That might depend on who you ask, but you'll certainly own it.
The people have spoken.
With redoubled efforts, let the debasement begin anew!
They just need some racial problem to deflect from the real problems....like in the US,France,etc.
Difficult, when Japan is 99.9% Japanese.
Yeah, but Americans are the MOAST racist in the world...total fact, totally.....
"American" wise men keep insisting that Japan should start large scale immigration, but even TPTB in Japan know that's suicide.
The Japanese have a "National Identity" and understand that "Japan" makes no sense without it.
America? I've heard the theory, but in practice I have no idea what it actually is. That probably because in reality it really isn't anything.
Let me be clear.
IMHO American "Exceptionalism" comes from the American constitution and no where else.
But when top elected officials disdain the constitution, major propaganda organs ask if the constitution is valid, and "American" propagandists talk about American "Exceptionalism" without referencing the constitution, I know this country has a serious problem.
The US is a direct descendant of English law. Unfortunately, we imported their worst quality, as well. A Central Bank! That's the ruin of all nations, great or small. It undermines the constitution and everyone's property rights.
I seem to remember a part of the English Bill of Rights being copied verbatim into the US Constitution - something about fines and something about cruel and unusual punishiment?
Almost makes you think the market dropped this week over the chance of Abe losing. With this 'win' the yen collapse continues and the algos reverse the 'dip'.
And I am thankful for Japan because they will now drive over the fiscal cliff first, just ahead of the US and EU.
"And I am thankful for Japan because they will now drive over the fiscal cliff first, just ahead of the US and EU."
Agreed. Maybe everything doesn't need to be wrecked. If the US hangs back and Japan, the EU and Russia take the axe, maybe that will be enough and the US emerge unscathed.
That was how we "won" WWII.
As a European I don't like your "rosy" outloook!
When Nuland said "fuck the EU", she meant it.
Now be quiet before Uncle Scam decides to nuke you.
You, sir, are a fraud.
-sarc-
blabam, I understand completely. Europe has been fed into the fire twice in the last century. To some degree Europe has a choice. If they make the wrong one, I'd run. Hell, get out of there anyway.
Fat chance -- world trade/banking/markets are too, too interconnected these days, totally unlike 70 years ago before/during/after WW2. If one critical player tanks, it will destabilize much of the rest of the world. If 2 major players tank, the whole shitteroo goes south in a hurry.
The US will not be immune from this whatsoever.
Japan is too big to fail, just like Italy or France in the EU. The end of the Yen is the end of the world as we know it, it will all blow up and collapse at that point.
They won't fail, just decline more rapidly than the last 24 yrs. The plan, as I see it, is to extract as much from their pension funds as possible to keep their occupying host afloat.
Well, they have had 7 prime ministers in 7 years, but what do the Japanese people know anyway? I thought the risk wasn't losing so much as possibly losing a few seats making it more difficult to go for broke.(pun intended)
Well they choose the faster collapse scenario instead of the slower collapse: good.
Hedge your USDJPY pair accordingly.
That plus the end of Congress's latest theatrical performance yesterday can only mean one thing: DOW up at least 300 points tomorrow; DAX up 200 points; Nikkey up 500 points; CAC40 up 90 points.
Talks about PTB losing control all week last week on ZH: bullshit as usual.
WASABEnomics
Of course he would get re-elected after they went nuclear with monetary policy--that was the deal.
As for Abe--I'd like to congratulate him on being the incumbent during Japan's most epic economic collapse. He will be in the history books, but not for anything he can be remotely proud of.
ABE is Japanese for DIEBOLD
Exactly, democracy is pretty much dead.
That approval ratings chart at the bottom, looks exactly like a cock and balls.
so fitting...
The Yen is mightier than the sheorts bitchez.
Hara-kiri, kamikaze, sashimi (radioactive) and now vote.
Honestly do not understand this suicidal vocation of the Japanese.
It's not their choice, they are a vassal.
After having already started down this road to devaluing the Japanese standard of living, and having undergone over 30 years of declining growth prospects, the Japanese population have already thrown in the towel. Japan has been circling the bowl and Abe is prepared to do the double-flush to make certain their are no remnants of a once prosperous Japan. Its time to make Japan the new Cheap manufacturing hub for the world. Nevertheless, the Nikkei will rise 500 pts on this news. Expect a rebound on US exchanges come Monday. The Yen will reach new lows that even China will be incapable of following. Its no wonder China is now struggling with the Yen dropping like a lead weight while China's largest trading partner, the EU dissolves into a field of landmines.
If applying simple solutions to complex problems really, really worked - we'd all be rich and married to supermodels who loved to and never got tired of swallowing...
Free will of collective hara kiri. Interesting.
Edit. Others beat me to it though.
:-)
Maybe they have realized voting is useless and is just a way to make the sheeple think they have some say in things. Too bad Americans can't clue in with that. Maybe if another decade of things being exactly the same happens they will FINALLY get it. Who am I kidding....they won't.
The youth (especially the young Men) are Going Their Own Way: meaning "we don't give a fuck anymore". They prefer going hiking, fishing, watching anime, gaming, coding and praying/visiting in one of those 80,000 Shinto shrine... The only outcome of this: total collapse.
Right, they won't clue in. The Republican versus Democrat thing works wonders.
The Japanese, known for their proclivity to abhorrent behavior, continue to seal their fate. Are we witnessing the Rape of Tokyo? Not yet, but soon. ;-)
Not so sure you are right. Abe is taking a page from the 1930's. Japan endured JPY going from 200 to 78 over 20 years. They can live through the correction. Imported inflation is so much less a problem for Japan than the US. The only imported item that is a concern is OIL and it has just halved in price. The shift in JPY will help their industrial labor force at the expense of importers of luxury goods from Europe. Sounds like not a bad trade. Both the oil move and JPY move are pedal-to-the-metal, for sure. I say it looks like a policy aimed at the heart of the EU. Japan competes directly with Germany for the US market and Germany will not allow the ECB to follow suit. Buy Honda, hedge the JPY, sell BMW, prolly don't have to hedge the EUR as long as Draghi keeps talking, and buying UST's in Brussels.
Echelon wins again.
That chart looks like a dick.
Japan, prepare thy anus
"Japan's Finance Minister, Taro Aso,"
Tear yo Asshole?
....what #Toyko on $20.00 @ Day.
Who would want to win that election??
Any takers?
All yours Abe, hope you stocked up on anti-squiter meds before the price went up.
I'm glad he won, he deserves to ride this fucker to the bottom for doubling down
Goldman's visual summary:= { }
Reverand Jones was a piker, this has to be the worlds largest suicide pact.
What do you expect from a nation that fell for 'it'?
http://en.wikipedia.org/wiki/McCollum_memo
I'm just sorry Granddad, who was drafted, never lived to read about this. He always said it was a setup.
a mandate to go full retard?
And?
What a fucking suprise, the establishment won again eh?
Inform us when folks hang the bastards, cos nothing changes otherwise, does it?
Cunts
;-)
When Shinzo Abe became the Prime Minister of Japan in December 2012, he was regarded with the kind of reverence that politicians dream about. He was featured in a hit pop song (“Abeno Mix”), hailed as a “samurai warrior,” and featured on the May 2013 The Economist cover as none other than Superman. He may not have lost all his lustre yet, but it's just a matter of time.
http://www.globaldeflationnews.com/abenomics-from-faith-to-failurethe-la...
So much for IQ scores.
Would make no difference who won. They are all big government people and will continue on the very same path. Just at different speeds. Here in the good ol USSA we have the very same thing. It's a single party system, little lies, big lies...all liars.
Collapse of crude and Yen
Make syestemic failure only a when
As time is now running short
and the ship has already left port
Have silver and gold and stay zen.
Democracy (noun): Mob rule.
Reminds me of a gambler's delusion of escaping from reality, always believing the next bet will give them the big win, irrational decision making growing with desperation. This is the equivalent of going all-in with a pair of deuces. They've just not only bet the house, car, wife, and kids, but generations yet unborn on nothing. Looks to me as though they got the government they deserve.
Japan is not the canary in the coalmine. It is an ex-canary. It is not resting, it is not stunned, it is not pining for the fjords, it is nailed to its perch, kicked the bucket, shuffled off its mortal coil, pushing up the daisies, run down the curtains and joined the bleeding choir invisible. It is an ex-canary and so are the rest of the nutjobs in the US, UK, EU at the back of the insane pet shop/asylum.
Didn't know that Japs are more retarded than Americans. Now Abe can print like crazy.
Record low turnout of 52%. Mandate indeed. Now we get to see if the landslide victory, after being forecast for a month, is indeed priced in or not. Swiss referendum 2.0?
The Japanese electorate has shown much more enthusiasm than the American:
November 4 just passed:
Perhaps affected by the lack of a single key issue, nationwide voter turnout was just 36.4%, down from 40.9% in the 2010 midterms and the lowest since the 1942 elections, when just 33.9% of voters turned out, though that election came during the middle of World War II
-Wikipedia
Forget the electoral landslide. Prepare for the economic landslide.
ra ra ra ra
deck the harrs with bourrs of horry, fa rararara ra ra ra ra
Looks like USD-JPY is nosediving. Not really going to plan for Abe-san...
Or is that the (inverted) dead hello kitty bounce?