-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessJapan's Opposition Field 213 Joint Candidates, LDP Expected To Retain Majority
Official campaigning for the October 31 election to Japan's powerful House of Representatives kicked off on Tuesday, with local media outlets circulating the final lists of candidates.
- As flagged before, PM Kishida and the ruling Liberal Democratic Party are entering the campaign period with underwhelming support levels. The LDP retains a healthy lead in opinion polls, but its performance is relatively low by historical standards and many voters are still undecided.
- While the LDP are expected to win the election, their performance will be assessed against three numerical benchmarks. Securing a simple majority (233 seats) would allow the ruling party to pass legislation. A more ambitious target is reaching the "absolute majority" of 261 seats, which gives control over all standing committees and allows to pass legislation smoothly. Finally, a supermajority of 310 lawmakers can enact constitutional amendments and override the decisions of the upper house.
- The Japan Times cited a projection by political analyst Takuma Ohamazaki, which showed that the LDP were expected to retain 236 seats in the lower house, with Komeito set to retain all 29 seats. This means that although the LDP would suffer a heavy loss of 40 seats, they would still command a simple majority (243 lawmakers). Together with Komeito, they would retain an "absolute majority" in the lower house, while falling short of a much-desired two-thirds supermajority.
- The main opposition CDP together with the JCP, DPP, SDP and Reiwa have fielded jointly agreed candidates in 213 out of 289 single-seat constituencies. According to Mainichi's calculation, in 142 such districts a ruling party candidate will face off with a unified opposition candidate. A further 71 single-seat constituencies will witness three-way races including candidates from the right-leaning Nippon Ishin.
Party | Single-seat district candidates | Party-list candidates | All candidates | MPs before election |
---|---|---|---|---|
Liberal Democratic Party | 277 | 310 | 336 | 276 |
Constitutional Democratic Party | 214 | 239 | 240 | 109 |
Komeito | 9 | 44 | 53 | 29 |
Japanese Communist Party | 105 | 40 | 130 | 12 |
Nippon Ishin | 94 | 96 | 96 | 11 |
Democratic Party for the People | 21 | 27 | 27 | 8 |
Reiwa | 12 | 21 | 21 | 1 |
Social Democratic Party | 9 | 15 | 15 | 1 |
NHK Party | 27 | 11 | 30 | 1 |
Other | 9 | 14 | 23 | 1 |
Independent | 80 | - | 80 | 0 |
Total | 857 | 817 | 1,051 | 461 (4 seats were vacant) |
Source: NHK/Mainichi
*Note that many candidates are running both in a single-seat district and from a party list.
*The House of Representatives consists of 465 lawmakers, including 289 elected in single-seat districts and 176 elected by a party-list system of proportional representation.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.