Japanese Prime Minister Shigeru Ishiba's future is in doubt after disastrous loss in upper-house election
Briefly

Japanese Prime Minister Shigeru Ishiba faces an uncertain future after the Liberal Democratic Party (LDP) and its coalition partner failed to secure a majority in the upper house elections, winning only about 41 seats of the targeted 50. Voter dissatisfaction with inflation has led to strong support for the right-wing populist Sanseito party's anti-globalist stance. This loss follows earlier setbacks in the lower house. Ishiba, known for his policy expertise, acknowledged the serious implications of the election results, emphasizing accountability amid changing leadership dynamics within the LDP due to the loss of parliamentary majority.
The Liberal Democratic Party (LDP) and its coalition partner Komeito targeted winning 50 seats in the recent election, but instead secured only around 41.
Voters, frustrated by inflation, gravitated towards other parties, especially the Sanseito, which rallied on an 'anti-globalist' platform similar to that of Donald Trump.
Prime Minister Ishiba acknowledged the difficult situation, stating, 'It's a difficult situation, and we have to take it very humbly and seriously.'
The price of rice has doubled since the Russian invasion of Ukraine, impacting household budgets despite government efforts to provide financial assistance.
Read at Fortune
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