Japan's Liberal Democratic Party (LDP) is at risk of losing its parliamentary majority in the recent snap election, according to exit polls and local news outlets.
The LDP, led by Prime Minister Shigeru Ishiba, may struggle to secure the necessary seats to maintain control over the lower house of parliament. If the projections are correct, it would be the first time since 2009 that the LDP has not had a majority. The Constitutional Democratic Party (CDP) and the Democratic Party for the People (DPP) are expected to gain seats in the process.
Economic concerns, such as rising inflation and living costs, have been a major focus for voters. The LDP's efforts to address these issues have been overshadowed by corruption scandals. The public's discontent with the ruling party is growing, and the outcome of this election could signal a new era of governance in Japan.
Shigeru Ishiba became Prime Minister on October 1, following the departure of Fumio Kishida. The timing of the election has raised questions about the LDP's ability to rally support. The LDP's coalition with Komeito may not be enough to secure victory. The performance of opposition parties, particularly the CDP and DPP, will be closely monitored.
The outcome of this election will impact Japan's domestic policies and international standing as the world's third-largest economy.