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Takaichi Sets February Snap Election, Will Dissolve Lower House at Diet Opening

She aims to secure a mandate for expansive fiscal plans as investors bet on easier passage.

Overview

  • Takaichi informed LDP leaders she will dissolve the House of Representatives on January 23, with details due Monday and media pointing to a February 8 or 15 vote.
  • Government and party leaders accelerated campaign preparations, with senior officials calling to seek a public mandate and restore political stability.
  • The Constitutional Democratic Party and Komeito will campaign together as the Centrist Reform Alliance, positioning a coordinated centrist challenge.
  • The election would be Japan’s first winter general vote in 36 years and comes after Komeito’s break from the LDP last October.
  • The Nikkei 225 hit a record high on expectations that a Takaichi win would ease enactment of her "proactive" spending agenda, while officials said any budget delay would have limited impact due to a passed supplementary budget.