, Columnist
Japan's Stability Gets a Monster October Surprise
Weakened leader Ishiba may struggle to form a majority outside the LDP’s usual comfort zone.
And now for post-election dealmaking.
Photographer: United Archives/Hulton Archive/Getty Images
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Other countries have elections too. And sometimes, voters make decisions that politicians and markets didn’t expect. Exhibit A for this is Japan, where the Liberal Democratic Party has just been deprived of a governing majority for the first time since 2009. It doesn’t matter as much to the rest of the world as next week’s US election probably will, but there will be consequences.