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Japan's ruling coalition is crumbling, and the opposition parties are in a political deadlock as they negotiate to seize power.
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Hello everyone, today XM Forex will bring you "[XM Forex]: Japan's ruling coalition is crumbling, and the opposition parties are in a political deadlock while negotiating to seize power." Hope this helps you! The original content is as follows:
XM Foreign Exchange APP News - The Japanese political arena is entangled with multiple contradictions and has fallen into a rare political deadlock: the 26-year-old ruling alliance between the Liberal Democratic Party and the Komeito Party suddenly disintegrated, and the new leader of the Liberal Democratic Party Sanae Takaichi's path to becoming the "first female prime minister" was blocked; the opposition parties took the opportunity to negotiate and seize power, but it was difficult to reach a consensus due to policy differences. This game not only puts Japan into a special state of "separation between the prime minister and the party leader", but also drags down the economic response and diplomatic process, leaving little hope for a short-term break. Trigger: The 26-year ruling alliance collapsed. The Liberal Democratic Party lost key support. The collapse of the ruling alliance was the direct cause of Japan's political deadlock. On October 10, Komeito, the junior ruling partner of the Liberal Democratic Party, officially announced its withdrawal from the coalition government. The reason given by the party leader Tetsuo Saito pointed directly at the "reform inertia" of the Liberal Democratic Party. After the high-profile funding scandal was exposed, the Liberal Democratic Party's resistance to political reform made it impossible for Komeito to continue cooperation. This decision ended the cooperative relationship between the two parties that began in 1998, and also took away the "key vote" of the Liberal Democratic Party in Congress: the Liberal Democratic Party currently holds only 196 seats in the House of Representatives, which is significantly different from the 233 majority seats required to elect the prime minister; and the 24 seats held by the Komeito Party happen to be the core force to fill this gap. After losing the support of the Komeito Party, the foundation of the Liberal Democratic Party's sole power was shaken instantly. What makes the Liberal Democratic Party even more passive is that the position of the Komeito Party continues to change. On October 13, Tetsuo Saito relented on a satellite TV program, saying that if the parliamentary prime minister election enters the run-off round, the Komeito Party "will not rule out supporting the opposition candidate" - this is in sharp contrast to his previous tough statement that "it is absolutely impossible to support the opposition party" and adds another variable to the Liberal Democratic Party's election. Awkward:Sanae Takaichi fell into the dilemma of "the party leader has power, but the prime minister has no name". When Sanae Takaichi was elected president of the Liberal Democratic Party on October 4, the outside world was generally optimistic that she would become Japan's first female prime minister. At that time, the opposition party was internally divided, and the Liberal Democratic Party relied on the advantages of the ruling coalition to promote her smooth inauguration in the interim parliament. However, after the Komeito party withdrew, the situation www.xmmen.completely reversed, and Takaichi Sanae fell into the embarrassment of "having the name of party leader but no power of prime minister." On the one hand, she is unable to promote any substantive policies: Although Takaichi Sanae has repeatedly emphasized that she will respond to inflation through the supplementary budget and the gasoline tax reduction bill, she is currently only the leader of the Liberal Democratic Party and has no power to issue instructions to government agencies; and the Shigeru Ishiba government, which announced its resignation on September 7, is in a "lame duck" state and is also unable to advance major decisions, and inflation response measures can only be shelved. On the other hand, uncertainty about the position of prime minister continues to rise: if the opposition parties can form a joint force, their www.xmmen.combined 210 seats in the House of Representatives (the Cadet Democratic Party, the National Democratic Party, and the Innovation Party of Japan) will be enough to suppress the Liberal Democratic Party; even if there are twists and turns in the alliance of opposition parties, Komeito's "neutral shift" will greatly reduce the probability of Sanae Takaichi's election. Whether she can take office now no longer depends on the Liberal Democratic Party, but depends on the attitude of the opposition parties and Komeito. Game: The opposition party seizes the opportunity to seize power, but policy differences become a "blocker". The interim parliament originally scheduled to be held on October 15 was postponed to October 21 due to the breakdown of negotiations between the Liberal Democratic Party and the Komeito Party. Faced with the "God-given opportunity" of the disintegration of the ruling alliance, the opposition camp urgently launched negotiations to seize power, but soon fell into differences on core policies, making the coalition process difficult. On October 14, the secretaries-general of the three major opposition parties held a meeting as planned. The core goal was to finalize a unified prime minister candidate and a cooperation framework. Yoshihiko Noda, leader of the Constitutional Democratic Party, bluntly stated that this was "a once-in-a-decade opportunity for regime change in Japan." In order to promote unity, the party even gave up on nominating its own leader and clearly listed Yuichiro Tamaki, leader of the National Democratic Party, as the "main candidate." But policy differences soon became unavoidable conflicts: Yuichiro Tamaki made it clear at the press conference that the opposition parties have fundamental differences on national security and energy issues - the Cadet Democratic Party firmly opposes "collective self-defense legislation" and boycotts new nuclear power plants, while the National Democratic Party and the Japan Innovation Party advocate "pragmatic security policies" and support the rational use of nuclear energy. "If consensus cannot be reached on core policies, even if a coalition government is formed, it will quickly fall into turmoil." Yuichiro Tamaki's statement revealed the biggest dilemma of the opposition coalition. Impact: Both economic and diplomacy have suffered setbacks, and the political vacuum continues to ferment. The political deadlock has had a direct and negative impact on Japan's economy and diplomacy, and both people's livelihood and international image have been damaged. At the economic level, key measures to www.xmmen.combat inflation have stalled: the extraordinary Congress originally scheduled to convene on October 15 was forced to postpone to October 21. Even if the Congress convenes as scheduled, the preparation of the supplementary budget usually takes more than a month. According to the current progress, the possibility of passing it within the year is slim. The impact of high prices on people's lives will continue to intensify. The market has also given negative feedback. Since Komeito announced its withdrawal from the alliance, Nikkei 22The 5 index has fallen significantly, and investor confidence has been dampened. At the diplomatic level, the important agenda has fallen into the embarrassment of "no one connecting": Japan's new leader was supposed to make his "diplomatic debut" at the ASEAN meeting in Malaysia, and then received the reception on October 27. At present, the Japanese political arena is in a rare "two-way dilemma": after losing the support of the Komeito Party, the Liberal Democratic Party is unable to control power alone; Although the opposing party has a seat advantage, it is difficult to form a unified force due to policy differences; there are even voices within the Liberal Democratic Party that "maintain the status quo" - some members suggest that Ishiba Shigeru should continue to serve as prime minister and temporarily retain the "separation of prime minister and party leader" situation. However, this is only a helpless expedient and cannot resolve the fundamental contradiction. The extraordinary parliament on October 21 is regarded as the key to breaking the deadlock, but judging from the current situation, whether it is the Liberal Democratic Party pushing for Takaichi Sanae to take office, or the opposition parties launching joint candidates to seize power, there is a lack of sufficient certainty. How long Japan’s political vacuum will last, and whether economic and diplomatic uncertainties will further intensify, remains to be seen.
The above content is all about "[XM Foreign Exchange]: Japan's ruling coalition is crumbling, and the opposition parties are in a political deadlock while negotiating to seize power." It was carefully www.xmmen.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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