Voters have been rankled by rising prices and the fallout from a party slush fund scandal.
TOKYO - Japan’s ruling coalition lost its parliamentary majority in a drubbing at the Oct 27 national election, raising uncertainty over the make-up of the next government and the outlook for the world’s fourth-largest economy.
The outcome may force parties into fractious power-sharing deals to rule, potentially ushering in political instability as the country faces economic headwinds and a tense security situation in East Asia. The yen fell to a three-month low and Japanese stocks are expected to decline, while longer-dated government bond yields are seen rising as investors react to the uncertainty.
It also lost power briefly in 1993, when a coalition of seven opposition parties formed a government that lasted less than a year.
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