 "Japan approves $130 billion fiscal steps as BOJ denies curbing stimulus")
Prime Minister Shinzo Abe's Liberal Democratic Party suffered a historic defeat in an election in the Japanese capital on Sunday, signalling trouble ahead for the premier, who has suffered from slumping support because of a favouritism scandal.
On the surface, the Tokyo Metropolitan assembly election was a referendum on Governor Yuriko Koike's year in office, but the dismal showing for Abe's party is also a stinging rebuke of his 4-1/2-year-old administration.
Koike’s Tokyo Citizens First party and its allies were on track for between 73 to 85 seats in the 127-seat assembly, according to exit polls by NHK
On the surface, the Tokyo Metropolitan assembly election was a referendum on Governor Yuriko Koike's year in office, but the dismal showing for Abe's party is also a stinging rebuke of his 4-1/2-year-old administration.
Koike’s Tokyo Citizens First party and its allies were on track for between 73 to 85 seats in the 127-seat assembly, according to exit polls by NHK
