Economic implications of Japan's election

Published on NewsOK Modified: December 16, 2012 at 8:23 am •  Published: December 16, 2012

— ENERGY: Under pressure from the electricity lobby, the Liberal Democrats want to defer decisions on long-term energy strategy for a decade, raising questions over Japan's commitment to using renewable energy to offset capacity lost with the closure of most nuclear plants following the disaster at the Fukushima Dai-Ichi plant in March 2011.

— COALITION: The Liberal Democrats' likely coalition allies, the Komeito, are backed by small businesses and the lay-Buddhist organization Soka Gakkai. Komeito's peace-oriented, anti-nuclear weapons stance could help balance Abe's hawkish views. Komeito favors phasing out nuclear power over 40 years and opposes the TPP but supports other free trade pacts.

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