Losing the majority in the lower house would force Ishiba into power-sharing with smaller parties
TOKYO – Japan's voters decide the fate of Prime Minister Shigeru Ishiba's government on Sunday in an election expected to punish his coalition over a funding scandal and inflation, potentially ending a decade of dominance for his Liberal Democratic Party.
Political wrangling could roil markets and be a headache for the Bank of Japan, if Ishiba chooses a partner that favours maintaining near-zero interest rates when the central bank wants to gradually raise them. "That's basically the scenario for 'sell Japan'," as investors ponder how the outcome could affect fiscal and monetary policy, said Naka Matsuzawa, chief macro strategist at Nomura Securities. Japanese shares fell 2.7% last week on the benchmark Nikkei , opens new tab index.
Potential coalition partners could be the Democratic Party for the People and the Japan Innovation Party, but both propose policies at odds with the LDP line. "The DPP is focused on ultimately making the country better and ensuring financial resources are allocated more appropriately, so that's why I decided to vote for them," Keisuke Yoshitomi, a 39-year-old office worker said after casting his vote at a polling station in central Tokyo on Sunday.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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