Overview
- Parliament is set to vote Tuesday, and Takaichi is expected to secure confirmation under the two-round procedure that allows a simple majority in the second round.
- The PLD–Ishin bloc holds 231 seats, two shy of the 233 needed for an absolute majority, constraining its ability to pass legislation unaided.
- As part of the pact, the PLD agreed to pursue Ishin-backed measures, including zero consumption tax on food and a reduction in the number of Diet seats.
- Ishin members are not expected to take cabinet posts, though a party figure may be appointed as a special adviser, according to TV Asahi.
- Tokyo stocks jumped more than 3%, lifting the Nikkei to a record above 49,000, after the coalition announcement, which followed Komeito’s exit over a PLD funding scandal and comes ahead of President Donald Trump’s visit next week.