CORRECTED - CORRECTED-Japan PM ratings slip, voters worry about debt -poll

Mon Nov 9, 2009 8:42pm EST
 
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(Corrects paragraph 5 to ...63 percent..., not ...64 percent...) (For more on Japanese politics, click [ID:nPOLJP])

TOKYO, Nov 10 (Reuters) - Support for Japan's new government slipped eight points to 63 percent, while 85 percent of voters said they would rather see some campaign promises broken than a rise in the country's already huge debt, a survey showed on Tuesday.

Prime Minister Yukio Hatoyama took office in September pledging to cut wasteful spending and put more cash in the hands of consumers to stimulate growth. But falling tax revenues due to the fragile economy, and a public debt seen topping 200 percent of gross domestic product this year are making it hard to find funds.

The yield curve for government bonds has steepened over the past month on renewed concerns about possible increases in debt issuance later this fiscal year and worries about the size of JGB issuance in fiscal 2010/2011, which starts next April.

The Nov. 6-8 survey by the mass circulation Yomiuri newspaper showed 55 percent of the 1,074 voters responding were not convinced that Hatoyama was keeping his pledge to put control of policies in the hands of politicians rather than consumers.

Asked about a plan to relocate a U.S. Marine base on Japan's southern Okinawa island, a feud over which has strained ties with ally Washington ahead of President Barack Obama's visit this week, 63 percent said Japan should implement the agreement as planned or with minor changes, the newspaper said.

U.S. officials say the 2006 agreement to replace the Futenma air base in crowded central Okinawa with another facility in a remoter part of the island should go ahead.

But Hatoyama, who aims to build a more equal relationship with the United States, had said in the run-up to his party's August election victory that the base should be moved off the island, and now wants more time before making a final decision. (Reporting by Linda Sieg)

 

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