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News in English (USA) / 28.10.2024 / 18:00

Political Turmoil in Japan After Ruling Coalition Loses Majority

Japan finds itself in a state of political instability as the ruling coalition suffers a historic defeat, losing its parliamentary majority in a recent snap election. Voters have delivered a significant rebuke to the long-dominant Liberal Democratic Party (LDP), leading to an uncertain political landscape. Prime Minister Shigeru Ishiba, who was expected to consolidate power, now faces the challenge of navigating this upheaval while promising to continue ruling despite the setback. The election outcome has also triggered fluctuations in the stock market, with global shares rising while the yen tumbles to a three-month low against the dollar. As Japan grapples with widespread dissatisfaction among voters and emerging political chaos, the future of governance remains in question.
POLITICO Europe, The New York Times, The Associated Press, CNBC, The Economist, The Washington Post, Reuters, Bloomberg, The Wall Street Journal, The Guardian