Japan Faces Political Upheaval as LDP Coalition Loses Majority
Japanese PM Shigeru Ishiba at the Liberal Democratic Party headquarters.
Photographer: Toru Hanai/BloombergGood morning. Japan’s ruling coalition loses its majority. Israel’s restrained strikes on Iran may aid diplomatic efforts. And the LA Dodgers are two games up on the Yankees in the World Series—but Ohtani’s hurt. Listen to the day’s top stories.
Japanese Prime Minister Shigeru Ishiba needs to find friends fast. The nation faces political instability after his ruling LDP coalition failed to win a majority in parliament for the first time since 2009. Voter discontent over a slush-fund scandal pummeled support for the party, which may now seek partners in a bid to form a government, NHK said. The yen slumped and Japanese stocks are set to come under pressure.