Japanese voters are headed to the polls, but many remain confused by why Prime Minister Shinzo Abe called a snap election despite little opposition to his plan to delay a sales-tax hike.
Essentially, Abe is buying time for his policies, dubbed Abenomics, to kickstart Japan's long-moribund economy, Takuji Okubo, chief economist at Japan Macro Advisors, told CNBC.
"I may sound simplistic, but that is actually the case, "Okubo said.
"Domestically, by delaying the consumption tax rate hike, there is no immediate risk," Okubo said, but he noted "the top priority and pretty much the goal of Abenomics is to get the inflation up, defeat deflation, [and] get the growth up."
That means boosting wages, which have stalled despite record corporate profits, although data for September showed average monthly salaries increased by 0.5 percent on-year, the biggest rise in more than six years.