Japan Right-Wing Party’s Gains Risk Unnerving Global Investors

The success of Japanese right-wing party Sanseito in Sunday’s upper house election has the potential to unnerve global investors, who have been among the strongest supporters of the nation’s equity markets.

Sanseito, which translates as the “Political Participation Party,” gained 14 seats in the upper house election, up from just a single seat previously, winning the third-most seats among opposition parties, based on results provided by public broadcaster NHK. Both parties in the ruling coalition lost seats in the chamber as well as their majority.