US EditionJapan's decades-old ruling coalition splits, throwing Takaichi's PM bid into doubt
Komeito ended its 26-year coalition with the Liberal Democratic Party over political donation rules and scandal handling, risking LDP's majority ahead of the prime minister vote.
- Japan's Komeito party announced it would leave its coalition with the Liberal Democratic Party , creating uncertainty for the LDP as new leader Sanae Takaichi awaits a parliamentary vote for her confirmation as prime minister.
- Komeito leader Tetsuo Saito stated that the coalition's partnership had ended due to an 'inadequate' explanation from the LDP regarding a political funding scandal.
- Takaichi is 37 seats short of a majority in the lower house and requires support from other parties to pass legislation.
- The departure of Komeito could impact the financial markets, unwinding the 'Takaichi trade' based on investor optimism about fiscal stimulus.
86 Articles
86 Articles
Japan: In a blow to Takaichi, LDP’s 26-year-old ally Komeito exits ruling coalition
Takaichi became head of the LDP less than a week ago and had been expected to be approved by parliament as premier this month.But Komeito's decision to end the alliance that has governed Japan almost uninterrupted for 25 years sank Japan into a new political crisis
Takaichi’s Japan PM bid in doubt after ruling coalition splits
Sanae Takaichi’s bid to become Japan’s first female prime minister was put at risk by a split in the governing coalition. Takaichi was appointed head of the Liberal Democratic Party, and since the LDP has been in government for most of the last 70 years, she appeared likely to become premier. But the party’s coalition partners said they were ending their 26-year alliance with the LDP, citing a disagreement over political donations. The break mea…
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