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Abe Backing Lukewarm, Even in Toyota’s Town
Keywords:
Tags: Current Focus, Automobiles, Japan,
Obe and Pfanner provide insights into the business sentiment about Abenomics in Toyota City, by interviewing Kawahara, owner of a kimono shop, Okuda of auto parts supplier Okuda Industry Co., Arai, president of Hotel Toyota Castle. Sentiment for Abenomics is not strong here after two quarters of economic contraction in 2014, and business sees problems such as higher import costs of imported energy with a weaker yen. Yet business people say there are no alternatives and the opposition DPJ has less to offer for renewing growth. Sentiment is shifting towards support for the LDP in Toyota City. Unemployment has dropped to 2.4% here in Toyota City with the huge improvement in global sales and profits of Toyota Motor. Nationally an Asahi newspaper poll shows the LDP taking 300 of 475 parliamentary seats in the snap election of Dec. 2014.
Toyota City, Nagoya region, Japan, business sentiment under prime minister Abe- December 2014
12/11/2014
Views of auto parts manufacturer owners, a kimono shop owner, and a hotel manager, in Toyota City, about Abenomics. Unemployment has dropped to less than 3% in Toyota City and the city has benefitted from the increasing sales and profits at Toyota Motor. Support for the LDP in the snap parliamentary elections for December 2014, are mainly because the opposition DPJ Party has no alternative policies to offer to Abenomics for renewing the Japanese economy. In Toyota City the support is shifting from the DPJ to the LDP. The LDP expects to get 300 of 475 seats in parliament.
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