The shortest election in history!!
Japanese Prime Minister Sanae Takaichi will dissolve the House of Representatives on January 24 and hold elections on February 8, with a 16-day campaign period setting the record for the shortest in Japanese history. This move aims to consolidate the ruling position and gain public authorization to implement expansionary fiscal policies, with the core campaign promise being a temporary reduction in the food consumption tax to address the issue of living costs, which have exceeded the 2% inflation target for four consecutive years in Japan.
The current opposition is forming a new camp called 'Centrist Reform Coalition'. The electoral cooperation between the Liberal Democratic Party and its new partner, the Japan Innovation Party, has not been tested, and with smaller parties potentially splitting votes, the outcome of this election is full of uncertainties, leading to a downward adjustment in market expectations for the ruling coalition's seat gains.