Japan, upper house
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The Ministry of Health, Labor and Welfare is opening an exhibition on former Japanese soldiers who suffered post-traumatic stress disorder (P
The LDP remains the single largest party in both chambers of Japan’s parliament. But the results on Sunday confirm that its long dominance of Japanese politics is under real threat.
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.
The loss on Sunday left the Liberal Democrats a minority party in both houses of Parliament, while two new nationalist parties surged.
The Japanese government said it is responding to "crimes and nuisances committed by some foreigners and inappropriate use of various systems."
Japan's shaky minority government is poised for another setback in an upper house vote on Sunday, an outcome that could jolt investor confidence in the world's fourth-largest economy and complicate tariff talks with the United States.
Through its careful development of the digital yen, Japan may offer a path to adopt central bank digital currencies without compromising financial stability or civil liberties.
F OR YEARS Japan was a reassuring example for governments. Even as its net public debt peaked at 162% of GDP in 2020, it suffered no budget crisis. Instead it enjoyed rock-bottom interest rates, including borrowing for 30 years at 0.1%. Now, though, Japan is going from comfort to cautionary tale.
The election Sunday is about inflation that has been running between 3.5 percent and 4 percent.