Japan’s Decades-Old Ruling Coalition Collapses, Jolting Markets

The collapse of Japan's governing coalition has sent shockwaves through the country's political landscape and financial markets. The partnership between the Liberal Democratic Party (LDP) and its junior coalition partner, Komeito, had been a cornerstone of Japan's political stability for the past 25 years. The sudden breakdown of this alliance has dealt a significant blow to Sanae Takaichi, the newly appointed leader of the LDP. The collapse comes at a critical time, as Japan grapples with economic challenges and prepares for a general election later this year. The news has led to uncertainty in the markets, with the Japanese yen and stocks experiencing volatility. The future of Japan's political leadership and policy direction remains unclear, as the country navigates this turbulent period. Analysts suggest that the coalition's collapse could lead to a period of political instability and potentially impact Japan's ability to address pressing economic and social issues. The coming weeks and months will be crucial in determining the country's political and economic trajectory.