Japanese voters shake up parliament leaving no clear winner in charge
Recent elections in Japan left ruling coalition with major seat losses and no party holding majority in parliament. Political negotiations start as yen drops and markets react to uncertainty
The japanese political landscape got messy after oct-28 elections where the ruling coalition lost its strong position in parliament. Prime Minister Shigeru Ishibaʼs party and its partner Komeito now hold just 215 seats (down from 279) while opposition got more power but still cant form government
The main opposition group led by Yoshihiko Noda grabbed 148 seats which is way better than before but not enough to take control. Small parties got some wins too and might be important for making deals; the constitution gives them 30-days to figure this out
Markets dont like the mess — yen hit its lowest point in 3-months while experts think itʼll take some time to get things sorted. Ishiba (who just became PM like a month ago) might not keep his job after this big loss: “Its unlikely he will survive to lead a new government though he could stay as caretaker“ [[Tobias Harris‚ Japan Foresight founder]]
The timing isnt great with japan dealing with money problems and tough stuff happening nearby — china getting stronger north korea having nukes and US elections coming up next week. Everyone needs to work fast cause the rules say they must make a working government soon but nobody knows how this will work out
