Japan's Shigeru Ishiba vows to bring stability after losing majority

Quick Summary:

While the LDP still won the most votes in the election, his ruling coalition dropped 78 seats, falling short of the 233 needed for a majority.

The upper house of parliament, currently controlled by the LDP-led coalition, separately picks a prime minister, but the lower house’s decision takes precedence if the two bodies choose different people.

The LDP is facing a similar situation to the lower house election in 1993, when it lost its majority but remained the largest party in parliament.

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Article Details

Category: BusinessFinance

Markets: IndiaJapan

Topics: Politics Japanese Prime Minister Shigeru Ishiba Liberal Democratic Party

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 23:18:45 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1090 words

Reading Time: 7 minutes read

Sentences: 29 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23294119

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