(Harvest) Prime Minister Shinzo Abe’s declining clout could affect BOJ policy.After Japan’s Prime Minister Shinzo Abe reshuffled his Cabinet on 3 August, the big question is whether his administration can regain public support. In just the last two months, Abe’s public approval ratings have plunged to around 30% – low enough to raise red flags.
Financial markets have been calm despite the rapid rise in political uncertainty. Are they right or are they complacent?