Japanese lawmakers will vote today, Monday, November 11, 2024, whether Prime Minister Shigeru Ishiba remains the
country’s Prime Minister.

Ishiba called a snap election when he won the Liberal Democratic Party (LDP) contest for leadership

• At that election, the party lost its lower house majority that held since 2012
• The LDP and coalition partner New Komeito did, however, win the largest number of seats and have since been jockeying to form government with the support of minor parties
• Small opposition Democratic Party for the People (DPP) has emerged as a “kingmaker”. DPP has said it may support the LDP/K on a policy by policy basis, a recipe for fragile government. The leader of DPP said on Friday the party will not be supporting Ishiba in the vote today
• If no candidate wins a majority in the initial vote today a runoff between the top two contenders will determine the winner. A runoff has not been held in 30 years.

This article was written by Eamonn Sheridan at www.forexlive.com.



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