74% of corporate managers support the LDP: Nikkei

October 28, 2007
By Ken Worsley

According to the Saturday’s edition of the Nikkei, a recent survey by Keidanren (the Japan Business Federation) has found:

74% of top executives at Japan Business Federation member companies support the ruling Liberal Democratic Party, while 8% back the opposition Democratic Party of Japan.

Support for Prime Minister Yasuo Fukuda was at 79%, compared to the overall 59% surveyed in September by the Nikkei.

Given the recent thumping handed to the LDP in July’s Upper House election, is it safe to say that we are seeing further signs of the divide between the wealthy and the not-so-wealthy in Japan? Or, is there simply not another party that might be in a position to support business owners? Given that the LDP is increasingly speaking of supporting higher consumption taxes, which will certainly hurt domestic spending, how incompetent can the opposition really be?

Filed Under Business, Japan