Japan votes in election expected to punish PM Ishiba’s coalition

Japan held a general election on October 27, 2024, with Prime Minister Shigeru Ishiba and his Liberal Democratic Party facing potential losses due to a funding scandal and inflation. Polls suggest that Ishiba’s coalition with Komeito may lose its majority in parliament, leading to power-sharing negotiations with smaller parties. This uncertainty could affect economic and monetary policies, causing market volatility. Voters are concerned about the economy and cost of living, with different parties offering solutions like tax cuts and wage increases. The outcome of the election will determine the future direction of Japan’s government and policies.