Japan Breaking News: Japan Ruling Bloc Wins Upper House Election

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Japan Breaking News: Japan Ruling Bloc Wins Upper House Election

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Japan Breaking News: Japan Ruling Bloc Wins Upper House Election

by Wochit 1:00 mins

Japan Breaking News: Japan Ruling Bloc Wins Upper House Election

by Wochit 1:00 mins

Japanese broadcasters projected that Prime Minister Shinzo Abe's ruling coalition won a majority of seats in the upper house of parliament in elections, giving it control of both chambers for the first time in six years. Japan has added its voice to international calls for Britain to maintain a leading role in the European Union, saying that membership is a key advantage for companies looking to access Europe's single market. The United States and Japan escaped specific mention in a final communique issued by the Group of 20 economies that called for credible medium-term fiscal strategies in advanced economies. The statement, issued after a two-day meeting of G20 finance ministers and central bankers, said the G20 was determined to "accelerate", instead of "continue", progress towards rebalancing global demand.

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