The Sanseito party tapped into discontent over issues galvanizing voters worldwide: inflation, immigration and a political class dismissed as out of touch.

A fringe far-right populist party in Japan was one of the biggest winners in the weekend's upper house election.

The success of the Sanseito party could reshape Japan’s domestic and foreign policy. It also aligns Japan with political trends in many other parts of the world.

Japan's leader Shigeru Ishiba faces mounting political pressure as his ruling coalition is set to lose its majority in the House of Councilors on Sunday.

JAPAN: THE ruling coalition of Japanese Prime Minister Shigeru Ishiba has lost control of the upper house of the National Diet, making it a minority in both chambers of the country’s parliament. It is the first time since 1994 for Japan’s ruling parties to lose majority control of both houses.

Japan's election outcome may put the central bank in a double bind as prospects of big spending could keep inflation elevated while potentially prolonged political paralysis and a global trade war provide compelling reasons to go slow on rate hikes.