Japan's prime minister Shinzo Abe calls snap election

Tuesday, 26 Sep, 2017

The greenback climbed to around ¥112.40 early in the morning, because hopes for economic stimulus measures grew ahead of the anticipated election and investors were relieved to see North Korea take no further provocative action over the weekend, market sources said.

"Again and again, attempts to resolve issues through dialogue have all come to naught".

"It is going to be a very, very hard election for us". "What is needed to do that is not dialogue, but pressure".

"But we are absolutely not lowering the flag of fiscal consolidation", he said.

At a time of national crisis over North Korea, Japanese voters may see it as a "cynical and opportunistic move" created to divert attention from the scandals that weighed on Abe's popularity, warned Sano.

Those remarks were directed apparently at Russian Federation and China, which have provided North Korea with economic lifelines for decades despite officially opposing the nuclear weapons program.

Abe said Japan, a treaty ally of the United States, consistently supported the USA stance that "all options are on the table" in dealing with North Korea.

In the previous 2014 election, he lost to Kenji Eda, former deputy president of the main opposition Democratic Party, in the No. 8 constituency of Kanagawa Prefecture.

"We believe that any kind of military solution is completely deficient, and we support diplomatic efforts".

"This is my responsibility as leader and my mission as prime minister".

"There is no military solution, because that would be a disaster, not only for North Korea but for South Korea, the whole peninsula and Japan", he told reporters. "Economically, the world is making a big move while Japan's presence is gradually declining", Koike said.

"Japan is facing a hard time considering the situation in North Korea. We must prevent the goods, funds, people, and technology necessary for nuclear and missile development from heading to North Korea", he stressed.

In his United Nations speech, Abe said North Korean nuclear weapons either already were, or were on the verge of becoming, hydrogen bombs, presenting an unprecedented threat.