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Japan's PM heading for win in Sunday poll
Japanese Prime Minister Junichiro Koizumi's coalition looked headed for victory as voters went to the polls on Sunday in an election that broke the mold in Japanese politics and raised expectations he will win a mandate for more economic reforms, Reuters reported. Koizumi needs a substantial win to ensure his fractious Liberal Democratic Party (LDP) will support his reform agenda, starting with privatising the postal system -- a financial giant with $3 trillion in assets that has been criticised for funding wasteful public projects and inflating government debt. A victory for Koizumi's two-party coalition would please Washington, where he is seen as a staunch friend for backing the U.S.-led war on Iraq, and would cheer investors in Japanese financial markets, who want reform to stay on track.
Media surveys have predicted Koizumi's two-party ruling bloc will win a comfortable or possibly overwhelming majority, and that the LDP could even win a majority on its own in parliament's lower house for the first time since 1990. That would be a striking victory for Koizumi -- both over the opposition Democratic Party, which preaches reform, and over old guard LDP rivals who consider distributing benefits to the hinterlands and special interest groups to be their main job.
"He is going to be stronger than ever before if he scores as big a victory as looks likely, and that means that if he can come up with substantive reform policies, he has a very good chance of getting them passed," Curtis added. Koizumi, 63, a telegenic veteran with an aptitude for punchy slogans who has a mixed record on implementing change, called the election after LDP lawmakers helped the opposition to defeat bills to privatize Japan Post in parliament's upper house. Many had expected the split in the party that has ruled Japan for most of the
past 50 years to benefit the Democrats.
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