Japan votes in election that could challenge PM Ishiba's coalition

cnbc.com

Japan held a general election on October 27, 2024, where voters decided the future of Prime Minister Shigeru Ishiba's government. The election is seen as a potential setback for Ishiba's coalition, which faces backlash over a funding scandal and rising inflation. Polls suggest the ruling Liberal Democratic Party (LDP) could lose its parliamentary majority, with estimates indicating a loss of up to 50 seats. The opposition Constitutional Democratic Party of Japan may gain significantly, potentially winning around 140 seats. Voter concerns center on the economy, with many seeking tax cuts and wage increases. Ishiba's coalition may need to negotiate with smaller parties, which could complicate policy-making and impact Japan's economic direction.


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