The Japan Times - Election drubbing projected for Japan PM

EUR -
AED 4.099459
AFN 72.55656
ALL 90.854432
AMD 403.236651
ANG 1.997863
AOA 1024.725669
ARS 1725.716503
AUD 1.620032
AWG 2.009266
AZN 1.908969
BAM 1.95792
BBD 2.251649
BDT 139.310855
BGN 1.951032
BHD 0.422353
BIF 3344.903956
BMD 1.116259
BND 1.432558
BOB 13.416528
BRL 6.156839
BSD 1.11797
BTN 104.985685
BWP 15.400226
BYN 3.347906
BYR 21878.671669
BZD 2.248447
CAD 1.574248
CDF 2589.720669
CHF 0.914947
CLF 0.0277
CLP 1090.183107
CNY 7.452703
CNH 7.448895
COP 3616.432801
CRC 507.00375
CUC 1.116259
CUP 26.831195
CVE 110.384532
CZK 24.322276
DJF 199.07927
DKK 7.475501
DOP 67.930698
DZD 152.243187
EGP 60.341267
ERN 16.743881
ETB 183.485227
FJD 2.528995
FKP 0.835844
GBP 0.834074
GEL 2.896647
GGP 0.835844
GHS 13.069152
GIP 0.835844
GMD 83.157879
GNF 9901.932318
GTQ 8.547256
GYD 234.483915
HKD 8.751658
HNL 30.047001
HRK 7.555967
HTG 146.496769
HUF 362.944278
IDR 20214.050795
ILS 3.540654
IMP 0.835844
INR 104.731751
IQD 1695.636147
IRR 2111239.352217
ISK 136.8083
JEP 0.835844
JMD 177.430274
JOD 0.791445
JPY 176.643491
KES 145.068585
KGS 97.614372
KHR 4554.728771
KMF 493.386409
KPW 1004.632839
KRW 1507.256269
KWD 0.347224
KYD 0.931779
KZT 501.111442
LAK 25151.180911
LBP 100111.977802
LKR 371.774398
LRD 190.145903
LSL 18.488377
LTL 3.296022
LVL 0.675214
LYD 7.154286
MAD 10.933439
MDL 19.982972
MGA 5080.04349
MKD 61.557339
MMK 2343.536588
MNT 4019.833098
MOP 9.028977
MRU 45.135041
MUR 52.498031
MVR 17.176539
MWK 1938.561406
MXN 20.74952
MYR 4.533466
MZN 71.324403
NAD 18.488791
NGN 1506.414005
NIO 41.14465
NOK 10.535418
NPR 167.895587
NZD 1.993449
OMR 0.429201
PAB 1.118611
PEN 3.853072
PGK 5.095167
PHP 70.632393
PKR 309.195541
PLN 4.391217
PYG 6988.186673
QAR 4.088627
RON 5.333257
RSD 117.643055
RUB 91.531628
RWF 1650.125559
SAR 4.197709
SBD 8.984301
SCR 15.692146
SDG 671.429609
SEK 11.013898
SGD 1.42957
SHP 0.835992
SLE 25.617714
SLL 23407.392948
SOS 638.897077
SRD 41.952909
STD 23104.302586
STN 24.515236
SVC 9.786598
SYP 14513.596028
SZL 18.482073
THB 37.355611
TJS 10.318073
TMT 3.906906
TND 3.346924
TOP 2.687683
TRY 56.014648
TTD 7.581576
TWD 36.663741
TZS 2954.045111
UAH 50.646343
UGX 4574.954062
USD 1.116259
UYU 44.998728
UZS 13346.452419
VES 1000.52103
VND 28480.784096
VUV 133.12733
WST 3.111933
XAF 655.957
XAG 0.021125
XAU 0.000270979015
XCD 3.016745
XCG 2.015783
XDR 0.789253
XOF 655.957
XPF 119.331742
YER 264.134779
ZAR 18.399961
ZMK 10047.670755
ZMW 22.71661
ZWL 359.434865
SSP 6413.165902
MXV 2.332613
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Election drubbing projected for Japan PM

Election drubbing projected for Japan PM

Japanese Prime Minister Shigeru Ishiba's coalition lost its upper house majority in elections on Sunday, local media projected, in a result that could end his premiership.

Text size:

Ishiba's governing coalition was already humiliatingly forced into a minority government after lower house elections in October, shortly after he became prime minister and called the snap vote.

Ishiba's Liberal Democratic Party (LDP) and its partner Komeito won around 41 of the 125 upper house seats contested on Sunday, short of the 50 needed to retain a majority, Nippon TV and TBS projected, based on exit polls.

The right-wing populist party Sanseito was projected to have made strong gains, winning between 10 and 22 seats, adding to the two it already holds in the 248-seat chamber.

Toru Yoshida, a politics professor at Doshisha University, told AFP before the media projections that if the coalition lost its majority, Ishiba "may need to step down".

Japan could "step into an unknown dimension of the ruling government being a minority in both the lower house and the upper house, which Japan has never experienced since World War II," Yoshida said.

At one of Tokyo's polling stations on Sunday, 54-year-old voter Atsushi Matsuura told AFP: "Commodity prices are going up, but I am more worried that salaries aren't increasing."

Another voter, Hisayo Kojima, expressed frustration that the amount of her pension "is being cut shorter and shorter".

"We have paid a lot to support the pension system. This is the most pressing issue for me," the 65-year-old said.

Ishiba's centre-right LDP has governed Japan almost continuously since 1955, albeit with frequent changes of leader.

Ishiba, 68, a self-avowed defence "geek" and train enthusiast, reached the top of the greasy pole last September on his fifth attempt and immediately called elections.

But this backfired and the vote left the LDP and its small coalition partner Komeito needing support from opposition parties, stymying its legislative agenda.

- Trumped -

Not helping is lingering resentment about an LDP funding scandal, and US tariffs of 25 percent due to bite from August 1 if there is no trade deal with the United States.

Japan's massive auto industry, which accounts for eight percent of the country's jobs, is reeling from painful levies already in place.

Weak export data last week stoked fears that the world's fourth-largest economy could tip into a technical recession.

Despite Ishiba securing an early meeting with US President Donald Trump in February, and sending his trade envoy to Washington seven times, there has been no accord.

Trump poured cold water on the prospects of an agreement last week, saying Japan won't "open up their country".

"We will not easily compromise," Ishiba said this month.

Ishiba's apparently maximalist strategy of insisting all tariffs are cut to zero -- although this could change post-election -- has also drawn criticism.

"How well his government is able to handle negotiations over US tariffs is extremely important, as it's important for the LDP to increase trust among the public," Masahisa Endo, a politics professor at Waseda University, told AFP.

- 'Japanese first' -

The last time the LDP and Komeito failed to win a majority in the upper house was in 2010, having already fallen below the threshold in 2007.

That was followed by a rare change of government in 2009, when the now-defunct Democratic Party of Japan governed for a rocky three years.

Today the opposition is fragmented, and chances are slim that the parties can form an alternative government.

The "Japanese-first" Sanseito wants "stricter rules and limits" on immigration, opposes "globalism" and "radical" gender policies, and wants a re-think on decarbonisation and vaccines.

Last week it was forced to deny any links to Moscow -- which has backed populist parties elsewhere -- after a candidate was interviewed by Russian state media.

"They put into words what I had been thinking about but couldn't put into words for many years," one voter told AFP at a Sanseito rally.

Y.Watanabe--JT