In a surprising turn of events, Japan’s ruling Liberal Democratic Party and its coalition partner are set to lose their majority in Sunday’s election, according to a forecast from public broadcaster NHK, raising questions about the future of Prime Minister Shigeru Ishiba.
Amid voter discontent over a slush-fund scandal, not to mention Japan’s worst runaway inflation in generations, the LDP and Komeito appear likely to fall short of the 233 seats needed for a majority in the lower house of parliament, NHK forecasts. Ishiba had aimed to secure a majority with his coalition partner, recognizing that the LDP would not retain the 247 seats it held before the election.
Falling short of that goal would mark the first time the LDP has lost a coalition majority in an election since 2009.
Public support for the LDP nosedived after the revelations last year that party members were secretly enriching themselves with funds from supporters, similar to what politicians do everywhere else around the world and especially in the US. As a result, nearly every poll before the election suggested the LDP would lose seats and possibly its majority with Komeito because of the scandal.
“We couldn’t dispel public anger over the political funds issue,” Ishiba said Sunday. When asked if he would consider forming a coalition with other parties, he said no decisions had been made, but added that he was willing to cooperate with others if policies align. […]
— Read More: www.zerohedge.com
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