Japan’s Liberal Democratic Party to lose parliamentary majority in snap election, exit polls show

Japan’s Liberal Democratic Party to lose parliamentary majority in snap election, exit polls show


Japan’s Prime Minister Shigeru Ishiba (top C) delivers an election campaign speech in support of the Liberal Democratic Party candidate in Chiba on October 19, 2024. 

Yuichi Yamazaki | Afp | Getty Images

Japan’s Liberal Democratic Party is set to lose its parliamentary majority, with analysis and exit polls by local news suggesting it could even fall short with its coalition partner.

As polls closed at 8 p.m. local time Sunday, the decision desk of NHK, Japan’s national public broadcaster, predicted a tight race. It forecast the LDP wouldn’t be able to reach a majority on its own, adding that it could gain 174 to 254 seats with its coalition partner Komeito. A party or coalition bloc needs to hit the threshold of 233 seats to win power in Japan’s lower house, which has a total of 465 seats.

Nikkei Asia also projected that the LDP was at risk of losing its majority in the lower house, based on “exit surveys of voters and other factors.” The Constitutional Democratic Party (CDP) and the Democratic Party for the People (DPP) are both expected to gain seats, Nikkei Asia added.

It's going to be a 'brutal outcome' for Japan's ruling party in this general election: Professor

Japan’s voters on Sunday headed to the polls in an election that was expected to shake up the ruling Liberal Democratic Party’s control over parliament. If the final results match the projections, then it would be the first time since 2009 that the LDP has lost its majority.

Shigeru Ishiba succeeded Fumio Kishida as prime minister on Oct. 1. He called for a general election on Sept. 30 after winning the party’s election against rival Sanae Takaichi.

The LDP’s election campaign has been dogged by concerns over inflation, as well as corruption scandals which have divided the party.

Ishiba has vowed to reduce the burden on households suffering from rising living costs and showed intentions to boost rural revitalization, as Japan’s countryside suffers from a broader demographic crisis and an aging population. When the slush fund scandal came to light, four cabinet ministers, as well as other senior party officials were replaced by Kishida.



Source

Value investor Seth Klarman added Amazon last quarter. Here’s what else he bought
World

Value investor Seth Klarman added Amazon last quarter. Here’s what else he bought

Baupost Group’s Seth Klarman picked up Amazon in the fourth quarter, a bet that has yet to work out for the value investor this year as tech stocks take a hammering. The Boston-based hedge fund manager took a new position in Amazon amounting to $489.7 million, making the online retailer the firm’s second-largest holding, according […]

Read More
Amazon has lost 0 billion in value during this historic losing streak. Here’s what’s dragging it down
World

Amazon has lost $450 billion in value during this historic losing streak. Here’s what’s dragging it down

Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland on Jan. 20, 2026. CNBC Amazon shares whipsawed on Tuesday, as the stock attempted to make a comeback from a historic slide. Should the stock close in the red, it would mark a tenth-straight negative session, tying the company’s […]

Read More
Iran partially closes Strait of Hormuz, a vital oil chokepoint, as U.S. talks get underway
World

Iran partially closes Strait of Hormuz, a vital oil chokepoint, as U.S. talks get underway

Iranian Navy soldiers at an armed speed boat in Persian Gulf near the strait of Hormuz about 1320km (820 miles) south of Tehran, April 30, 2019. Morteza Nikoubazl | Nurphoto | Getty Images Iran partially closed the strategically vital Strait of Hormuz on Tuesday, state media reported, citing “security precautions” as Tehran’s Revolutionary Guards conduct […]

Read More