Japanese yen in the spotlight after weekend election ...Middle East

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It's the first time in 15 years that Japan's ruling coalition loses its majority, with the LDP seeing their number of seats erased from 247 coming into the election to just 191 seats. Together with their coalition partner, Komeito, they only managed 209 seats this time around and well short of the 233 seats needed for a majority to govern.What a backfire for Ishiba, who dissolved the lower house just eight days into his tenure as prime minister at the start of the month.Komeito chief, Keiichi Ishii, also lost his seat in what is the first time since 2009 that a Komeito leader did lose their seat in the election.The result is a reflection of sentiment in Japan right now, with many voters feel

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Last updated : 28 October 2024 clock 08:08 AM

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Japanese yen in the spotlight after weekend election ...Middle East

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