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Japan Update: Governors Advance Coexistence Declaration as Diet Seat-Cut Plan Faces Pushback and Stocks Ease Before SoftBank Results

Police reported separate local cases and yokozuna Ōnosato stayed unbeaten, underscoring a day shaped by policy moves, market caution and public-safety concerns.

Overview

  • Japan’s National Governors’ Association subcommittee finalized a joint declaration draft promoting a “coexistence society” that rejects exclusionism and pledges strict responses to illegal acts, with a formal decision slated for November 26.
  • Debate intensified over a proposed 10% reduction in House of Representatives seats, with the Japan Innovation Party urging a 50-seat proportional cut and smaller parties and some LDP members warning it would dilute diverse voter voices.
  • The Tokyo market dipped on November 11 as investors took profits ahead of SoftBank Group’s earnings, with the Nikkei 225 down 68.83 to 50,842.93 while TOPIX edged higher.
  • Taiwan’s Presidential Office condemned on November 10 an X post by China’s consul-general in Osaka as threatening and outside diplomatic etiquette, reiterating cooperation with partners to safeguard regional stability.
  • Local authorities investigated multiple incidents, including a fatal vehicle-pedestrian collision in Fukui involving an 82-year-old woman, an admitted arson by a junior-high student at a Nagano school facility with links under review to an earlier fire, and a special-fraud theft in Otaru that led to about 2.5 million yen withdrawn from an elderly man’s account.