Japan, Ishiba and upper house
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The LDP lost its majority in the lower house when Ishiba called a snap general election last October. The LDP has not been in a minority position in both houses simultaneously since its foundation in 1955.
If the current ruling party loses its majority, the country’s waters could become uncharted at a critical time.
Good morning. Shigeru Ishiba says he’ll stay put—despite a historic election setback. Some investors worry that disappointing earnings or economic data may derail the S&P 500’s red-hot rally. And Astronomer CEO Andy Byron steps down after the now-infamous Coldplay concert incident.
The Japanese ruling coalition led by Prime Minister Shigeru Ishiba lost its majority in the upper house, marking a political setback. The coalition struggled with economic issues and rising populism.
Prime Minister Shigeru Ishiba promised to stay in office as US trade talks loom. At the same time, an openly xenophobic far-right party made major gains in the country's upper house election. Japanese Prime Minister Shigeru Ishiba's ruling coalition has failed to secure a majority in Sunday's election for the 248-seat upper house of parliament,
Japan's ruling coalition, led by Prime Minister Shigeru Ishiba, lost its majority in the upper house, intensifying political uncertainty amid economic woes and rising populism. Voters expressed frustration over stagnant wages,
The loss is another blow to Ishiba's coalition, making it a minority in both houses following its October defeat in the lower house election, and worsening Japan's political instability.
By Tim Kelly and Mariko Katsumura TOKYO (Reuters) -Japanese voters headed to the polls on Sunday in a tightly contested upper house election that could unleash political turmoil, with rising prices and immigration concerns threatening to weaken Prime Minister Shigeru Ishiba's grip on power.
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