US EditionJapan's minority government faces election snub as economic storm brews
TOKYO, JAPAN, JUL 17 – Ruling coalition risks losing majority amid inflation and voter discontent as opposition promises tax cuts; polls suggest far-right party may win 10 to 15 seats, analysts say.
- This weekend, elections for Japan’s upper house will take place, with projections indicating that the ruling coalition may lose its majority.
- Prime Minister Shigeru Ishiba’s minority government faces pressure from inflation, tariff talks with the US, and rising support for the far-right Sanseito party.
- The far-right party Sanseito, which promotes a nationalist agenda and opposes foreign influence, is expected to secure 10 to 15 seats, indicating a growing trend of populist politics in Japan.
- The Nikkei slipped 0.31% to 39,778.85 as investors booked profits amid election uncertainty, despite Wall Street closing at record highs and Fast Retailing and SoftBank stocks rising.
- The election outcome could complicate US-Japan trade talks, increase investor nervousness about Japan's debt, and force Ishiba to broaden coalitions or possibly resign.
14 Articles
14 Articles
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Japan's minority government faces election snub as economic storm brews
Japan's shaky minority government is poised for another setback in an upper house vote on Sunday, an outcome that could jolt investor confidence in the world's fourth largest economy and complicate tariff talks with the United States.
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- 40% of the sources lean Left, 40% of the sources are Center
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