Supporters at a rally for the right-wing Sanseito party in Tokyo on July 3.
Source: Kyodo News/Getty Images
The Big Take
Bond Vigilantes Eye Japan as Right-Wing Populists Surge in Polls
The ruling party is losing ground to opposition parties as inflation fuels discontent among young voters.
Since World War II, Japan has built a reputation as a global safe haven for investors in part due to a consensus-driven political system helmed by one of the world’s most successful big-tent parties. Now the center is unraveling, testing much of what has held true about the nation for decades.
An election in Japan’s upper house earlier this week showed the ruling Liberal Democratic Party losing ground to a range of opposition parties, all broadly united by anger over prices rising at the fastest pace in more than 20 years.