Poll Finds LDP’s Outright Majority at Risk: Japan Election
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Japanese Prime Minister Fumio Kishida’s ruling Liberal Democratic Party for the first time in 12 years may not be able to hold onto its outright parliamentary majority after this Sunday’s general election, according to a poll published by broadcaster FNN.
The survey bodes ill for the new leader, who suffered a blow at the weekend when his party lost an upper house special election in Shizuoka, west of Tokyo. Stocks fell in Tokyo trading Monday with some market players saying the vote added to political uncertainty. “There’s a bit of wariness over what’ll happen at the general elections following results from Shizuoka,” said Hajime Sakai, chief fund manager at Mito Securities Co.