Japan, ruling coalition
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Trump-inspired 'Japanese 1st' party gains ground in Japan
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The Sanseito party tapped into discontent over issues galvanizing voters worldwide: inflation, immigration and a political class dismissed as out of touch.
Populist Sanseito’s rise is eroding the ruling Liberal Democratic Party’s dominance and reshaping Japan’s traditionally staid political landscape, as Maroosha Muzaffar reports
Moody's has rated Japan A1, the fifth-highest level, with a "stable" outlook since December 2014. But it warned in a report in May that it may downgrade the rating "if prospects increase of a material and sustained widening in fiscal deficits leading to a significant deterioration" in Japan's already high debt burden.
JGB yield rose to the highest since October 2008 at 1.595% last Tuesday after opinion polls increasingly pointed to opposition gains. The 30-year yield shot to an all-time peak of 3.2%, and the 20-year yield leapt to the highest since November 1999 at 2.