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25 Mar 2013
Forex Flash: PM Abe maintains momentum - Nomura
FXstreet.com (Barcelona) - Nomura strategist Yujiro Goto notes that the job approval rating of the Abe cabinet has remained elevated amid the improving economic outlook and better financial market conditions.
He comments that the cabinets job approval rating inched down to 69% in March from 70% in the previous month, according to Nikkei. However, although the approval rating declined slightly, the level is still higher than 62%, when Mr. Abe took office. He writes, “Mr. Abe's popularity remains significantly higher than his recent predecessors, including Mr. Abe himself in 2006-07. For example, his job approval rating declined by 20% during the first four months when he became the Prime Minister in 2006.”
He comments that the cabinets job approval rating inched down to 69% in March from 70% in the previous month, according to Nikkei. However, although the approval rating declined slightly, the level is still higher than 62%, when Mr. Abe took office. He writes, “Mr. Abe's popularity remains significantly higher than his recent predecessors, including Mr. Abe himself in 2006-07. For example, his job approval rating declined by 20% during the first four months when he became the Prime Minister in 2006.”