"The Liberal Democratic party (LDP) was projected to win between 274 and 328 seats out of a total of 465, according to an exit poll by the public broadcaster NHK, well above the 233 it needed to regain the majority it lost in 2024. Combined with seats secured by its junior coalition partner, the Japan Innovation party, the parties could win between 302 and 366 seats, NHK added."
"Takaichi sought to appeal to voters with a $135bn stimulus package aimed at easing the cost-of-living crisis, later promising to suspend the 8% consumption (sales) tax on food for two years a 5tn ($30bn) hit to annual revenue. Her spending plans have rattled financial markets and caused currency volatility, prompting some commentators to question her approach given that Japan's debt is more than twice the size of its GDP the heaviest debt burden of any advanced economy."
The Liberal Democratic Party (LDP) is projected to win between 274 and 328 of 465 lower house seats, surpassing the 233-seat threshold to regain a majority lost in 2024. With the Japan Innovation Party, the coalition could secure between 302 and 366 seats. Elections were held amid heavy snow and act as an early endorsement of prime minister Sanae Takaichi, who called a snap vote after becoming Japan's first female prime minister and vowed to resign if no simple majority was achieved. Takaichi proposed a $135bn stimulus and a two-year suspension of the 8% food consumption tax, measures that stirred market volatility and amplified concerns given Japan's debt exceeds twice GDP and tensions with China over Taiwan.
Read at www.theguardian.com
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