LOCKED Japan Election Update: LDP Thrashed in Lower House Election
Summary
- The Ruling LDP has lost its majority but will probably still hold onto government
- This will require adding another coalition partner and result in lots of messy politics
- While not the base case there is a small chance that no party is able to form a majority
- Either way we face prolonged political uncertainty with nervous markets and the BoJ on hold
October 27, 2024