Japan’s Decades-Old Ruling Coalition Collapses, Jolting Markets

Japan’s governing coalition abruptly collapsed in a major blow to new ruling party leader Sanae Takaichi, plunging the country into one of its biggest political crises in decades and jolting markets.

Talks between Liberal Democratic Party chief Takaichi and junior partner Komeito leader Tetsuo Saito fell apart on Friday, weakening the new LDP leader before she has even secured the role of prime minister.