Japan election

October 28, 2024 10:19 AM

Japan’s government in flux after election gives no party majority

The make-up of Japan's future government was in flux on Monday after voters punished Prime Minister Shigeru Ishiba's scandal-tainted ruling coalition, leaving no party with a clear mandate to lead the world's fourth-largest economy. The uncertainty sent the yen currency JPY to a three-month low as analysts prepared for days, or possibly weeks, of political wrangling to form a government and potentially a change of leader. That comes as the country faces economic headwinds, a tense security sit...

What to expect as Japan prepares for Oct. 27 election

Japan's incoming prime minister Shigeru Ishiba said on Monday he plans to hold a general election on Oct. 27. Here is what to expect in the following weeks as Ishiba seeks to hold on to his party's lower house majority and solidify his position atop a scandal-plagued party. WHAT HAPPENS NOW? Ishiba's victory in the Liberal Democratic Party (LDP) leadership race last week virtually assures that he be officially voted in as Japan's next prime minister during a special parliamentary session on T...