These are not Bulgarian percentages, but the 72% of the votes collected by the new Japanese Prime Minister Shinzo Abe is completely respectable. Especially since Abe belongs to the Liberal Democratic Party, the Japanese 'white whale' which seemed to have faded after having dominated the politics of the Rising Sun for decades, between iron hands and velvet gloves. The 'resurgence' of the Liberal Democrats owes everything to the new course decided by Abe. An assault on the near-stagnation of the economy and on the deflation that extinguishes the desire to spend. Abe's 'one-two punch' – a highly expansionary fiscal and monetary policy – can be criticized as a monetization of debt or as a way of reducing the debt burden through inflation. But there is no doubt that this decision, which was not taken lightly, was almost forced: Japan had tried other ways to put the economy back on a growth path, and when orthodox methods don't work, there is no 'is that to try the heterodox ones.
Abe's party has a strong majority in the lower house, but lacks it in the upper house. In July, however, with elections involving this branch of the Diet, he could have both chambers on his side. And, given the consensus it enjoys, it is very likely that this will happen.
