"It is increasingly unlikely that the scandal will fatally undermine the PM`s administration," said Tobias Harris, Japan vice president at Teneo Intelligence, in a Friday note.
"Without additional evidence to corroborate Kagoike`s story about the alleged donation, it is unlikely that it will significantly impact the prime minister," said Harris.
"Thursday`s hearing was the climax of the scandal, and the bottom line is that the prime minister is highly likely to maintain his steadfast grip on power until 2021," he said in a note.
Akie was made honorary principal of the new school but quickly resigned when news of the land deal emerged.
At the heart of the matter are reports that private educational institute Moritomo Gakuen bought heavily discounted government-owned land in Osaka for an elementary school.
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