The Fort Worth Press - Japan PM's future in doubt after election debacle

USD -
AED 3.67315
AFN 63.489175
ALL 82.69704
AMD 376.959684
ANG 1.790083
AOA 916.999606
ARS 1386.432052
AUD 1.447765
AWG 1.8
AZN 1.70124
BAM 1.699144
BBD 2.014422
BDT 122.722731
BGN 1.709309
BHD 0.377571
BIF 2966
BMD 1
BND 1.288204
BOB 6.911051
BRL 5.158904
BSD 1.00013
BTN 93.154671
BWP 13.721325
BYN 2.963529
BYR 19600
BZD 2.011459
CAD 1.39175
CDF 2295.999444
CHF 0.799013
CLF 0.023232
CLP 917.309786
CNY 6.885598
CNH 6.889825
COP 3657.03
CRC 465.397112
CUC 1
CUP 26.5
CVE 95.875003
CZK 21.239196
DJF 177.71947
DKK 6.477255
DOP 60.724997
DZD 133.048166
EGP 54.242753
ERN 15
ETB 156.999837
EUR 0.86677
FJD 2.257498
FKP 0.750158
GBP 0.756065
GEL 2.689833
GGP 0.750158
GHS 11.025012
GIP 0.750158
GMD 73.99986
GNF 8775.000038
GTQ 7.651242
GYD 209.312427
HKD 7.837595
HNL 26.619612
HRK 6.529399
HTG 131.271448
HUF 333.030392
IDR 16981
ILS 3.125465
IMP 0.750158
INR 92.97635
IQD 1310
IRR 1319125.00041
ISK 125.160077
JEP 0.750158
JMD 157.682116
JOD 0.708993
JPY 159.639006
KES 130.097237
KGS 87.4488
KHR 4012.999676
KMF 426.999943
KPW 899.994443
KRW 1510.329848
KWD 0.30936
KYD 0.833496
KZT 473.939125
LAK 21949.999977
LBP 89549.999694
LKR 315.52795
LRD 183.803222
LSL 16.820275
LTL 2.95274
LVL 0.60489
LYD 6.390205
MAD 9.325025
MDL 17.597769
MGA 4175.000359
MKD 53.387548
MMK 2099.621061
MNT 3572.314592
MOP 8.074419
MRU 40.130541
MUR 46.809687
MVR 15.450086
MWK 1737.00028
MXN 17.856305
MYR 4.038976
MZN 63.959782
NAD 16.820107
NGN 1380.559956
NIO 36.709753
NOK 9.733135
NPR 149.047474
NZD 1.74815
OMR 0.384499
PAB 1.000126
PEN 3.4525
PGK 4.311496
PHP 60.471018
PKR 279.099135
PLN 3.705775
PYG 6469.6045
QAR 3.644502
RON 4.418402
RSD 101.768209
RUB 80.197619
RWF 1460
SAR 3.754138
SBD 8.048583
SCR 14.189131
SDG 600.999817
SEK 9.42264
SGD 1.285445
SHP 0.750259
SLE 24.60141
SLL 20969.510825
SOS 571.496929
SRD 37.350956
STD 20697.981008
STN 21.5
SVC 8.75114
SYP 110.548921
SZL 16.801602
THB 32.630991
TJS 9.585632
TMT 3.5
TND 2.91425
TOP 2.40776
TRY 44.485499
TTD 6.78508
TWD 31.924994
TZS 2599.999736
UAH 43.803484
UGX 3752.226228
UYU 40.501271
UZS 12154.99979
VES 473.325199
VND 26336
VUV 120.132513
WST 2.770875
XAF 569.874593
XAG 0.013772
XAU 0.000215
XCD 2.70255
XCG 1.80252
XDR 0.703479
XOF 564.499459
XPF 103.300644
YER 238.624988
ZAR 16.93287
ZMK 9001.19884
ZMW 19.327487
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    0.0300

    15.12

    +0.2%

  • GSK

    0.7000

    56.69

    +1.23%

  • BCC

    -1.8800

    73.2

    -2.57%

  • NGG

    1.1500

    87.99

    +1.31%

  • CMSC

    0.0500

    22.04

    +0.23%

  • RIO

    -0.3600

    94.45

    -0.38%

  • CMSD

    0.1100

    22.26

    +0.49%

  • BCE

    -0.9300

    24.45

    -3.8%

  • JRI

    0.0900

    12.61

    +0.71%

  • BTI

    0.3900

    58.28

    +0.67%

  • RELX

    0.3600

    33.59

    +1.07%

  • VOD

    0.0800

    15.21

    +0.53%

  • AZN

    2.7600

    203.49

    +1.36%

  • BP

    0.9500

    47.12

    +2.02%

Japan PM's future in doubt after election debacle
Japan PM's future in doubt after election debacle / Photo: © POOL/AFP

Japan PM's future in doubt after election debacle

Japanese Prime Minister Shigeru Ishiba's future was unclear Monday after his coalition appeared to have disastrously lost its upper house majority in elections that saw strong gains by a right-wing populist party.

Text size:

The Liberal Democratic Party (LDP), which has governed almost continuously since 1955, and its partner Komeito had to win 50 seats in Sunday's vote but they secured only around 41, according to local media projections.

Voters angry at inflation turned to other parties, notably the "Japanese first" Sanseito, which made strong gains with its "anti-globalist" drive reminiscent of US President Donald Trump's agenda.

The debacle comes only months after Ishiba's coalition also lost its majority in the lower house, suffering the LDP's worst result in 15 years.

Ishiba, 68, a self-avowed policy "geek" seen as a safe pair of hands when he won the LDP leadership in September -- on his fifth attempt -- was tight-lipped late Sunday about his future.

"It's a difficult situation, and we have to take it very humbly and seriously," Ishiba told broadcaster NHK. Asked about his future, he said only that he "cannot speak lightly of it".

"We can't do anything until we see the final results, but we want to be very aware of our responsibility," Ishiba added.

If he goes, it was unclear who might step up as the LDP's 11th premier since 2000 now that the government needs opposition support in both chambers.

"Ishiba may be replaced by someone else, but it's not clear who will be the successor," Hidehiro Yamamoto, politics and sociology professor at the University of Tsukuba, told AFP.

- Rice price -

After years of stagnant or falling prices, consumers in the world's fourth-largest economy have been squeezed by inflation since Russia's 2022 invasion of Ukraine.

In particular, the price of rice has doubled, squeezing many household budgets despite government handouts.

Voter Hisayo Kojima -- one of legions of older people in Japan's falling and ageing population -- said outside a voting station on Sunday that her pension "is being cut shorter and shorter".

"We have paid a lot to support the pension system. This is the most pressing issue for me," the 65-year-old told AFP in Tokyo.

Not helping is lingering resentment about an LDP funding scandal, and US tariffs of 25 percent due to bite from August 1 if there is no trade deal with the United States.

Japanese imports are already subject to a 10 percent tariff, while the auto industry, which accounts for eight percent of jobs, is reeling from a 25 percent levy.

Weak export data last week, which showed plummeting US-bound auto deliveries, stoked fears that Japan could tip into a technical recession.

Despite Ishiba securing an early meeting with Trump in February, and sending his trade envoy to Washington seven times, there has been no accord.

- 'Japanese first' -

The last time the LDP and Komeito failed to win a majority in the upper house was in 2010, having already fallen below the threshold in 2007.

That was followed by a rare change of government in 2009, when the now-defunct Democratic Party of Japan governed for a rocky three years.

Today, the opposition is fragmented, and chances are slim that the parties can form an alternative government.

Populist opposition party Sanseito wants "stricter rules and limits" on immigration, opposes "globalism" and "radical" gender policies, and wants a rethink on decarbonisation and vaccines.

Last week, it was forced to deny any links to Moscow -- which has backed populist parties elsewhere -- after a candidate was interviewed by Russian state media.

"They put into words what I had been thinking about but couldn't put into words for many years," one voter told AFP at a Sanseito rally.

C.M.Harper--TFWP