Japanese media repeats that Prime Minister Ishiba's government risks losing its majority

I posted on the Japanese election risk yesterday:

• Japan election jitters rattle bond market as investors brace for fiscal shift

With the info:

The political background to this:

• Japan will hold upper house by-elections this weekend, with the results seen as a key test for Prime Minister Shigeru Ishiba’s leadership.
• Election marks a crucial test for Ishiba’s minority government too, which aims to retain a simple majority alongside its Komeito coalition partner amid sliding approval ratings, growing public concern over the rising cost of living, and broader economic concerns.
• While the ruling coalition is not at risk of losing overall power, a poor showing could weaken Ishiba’s position and embolden opposition parties, many of which are campaigning on tax cuts and expanded fiscal stimulus.
• The outcome could influence the direction of economic policy, including budget negotiations and the balance of power in the Diet, with potential market implications if more populist or spending-heavy policies gain traction.

Nikkei reporting again today that Ishiba's ruling coalition risks losing his majority.

This article was written by Eamonn Sheridan at www.forexlive.com.

from Forexlive RSS Breaking News Feed https://ift.tt/UMvEqct
via IFTTT