In early parliamentary elections in Japan, the ruling coalition of the Komeito Party and the Liberal Democratic Party (LDP), led by Prime Minister Shigeru Ishiba, lost its majority. NHK TV channel reported this on Sunday, October 27.
According to NHK, after counting the majority of votes, the LDP and Komeito received only 209 seats instead of the previous 279 seats in parliament. In turn, the opposition Constitutional Democratic Party (CDP) of Japan, according to preliminary data, will increase its representation in parliament from 98 to 143 seats.
To form an absolute majority in the House of Representatives, 233 mandates are needed. The lack of a majority does not mean a change in government, but a loss to the ruling coalition would make it difficult for the prime minister to push his party’s policies through parliament and force the LDP to seek new political partners. Uncertainty amid the redistribution of power in the government of the world’s third largest economy is likely to weaken the yen and the stock market, writes Reuters.
Early parliamentary elections in Japan
Shigeru Ishiba announced parliamentary elections shortly after taking over as prime minister after winning the election to head the ruling LDP in September. About 1,300 candidates competed for 465 seats in the House of Representatives of the Japanese Parliament.
Judging by NHK polls, the key topics for Japanese voters in the current elections were the economy and inflation. Citizens are also concerned about the scandal surrounding the machinations of LDP functionaries with party funds. It was because of this scandal that the country’s previous Prime Minister Fumio Kishida resigned as leader of the LDP. In turn, the Nikkei publication names rising prices, weak consumer demand and population decline among the main topics. In addition, issues related to foreign policy and national security, in particular strengthening the country’s defense potential, are actively discussed.
The final voting results will be announced on October 28.
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