Japan's LDP loses all three seats in Parliamentary by-election on Sunday

Source Fxstreet

Kyo News Agency reported late Sunday that Japan's ruling Liberal Democratic Party (LDP), headed by Prime Minister (PM) Fumio Kishida, lost three key seats in House of Representatives by-elections held earlier Sunday.

This comes even as the LDP chose not to contest in the Nagasaki and Tokyo by-elections. But it lost Shimane, a long-time held LDP prefecture.

The leading opposition Constitutional Democratic Party of Japan, led by left-leaning lower house lawmaker Kenta Izumi since November 2021, acquired all three seats by obtaining support from anti-LDP voters.

LDP Secretary General Toshimitsu Motegi, its No. 2 personnel after Kishida, told reporters in Tokyo, "We will humbly accept the results" of Sunday's by-elections, adding that the party "needs to work as one to grapple with the challenge."

 Kishida's term as party president expires in September and the defeat is unlikely to work in his favor later this year.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
How Will the U.S.-Iran Situation Evolve? What Is Behind the Nasdaq’s Record High?The conflict in the Middle East escalated further over the weekend. Optimistic signals released by Trump were refuted by the Iranian side. According to Reuters, the U.S. military seized a
Author  TradingKey
8 hours ago
The conflict in the Middle East escalated further over the weekend. Optimistic signals released by Trump were refuted by the Iranian side. According to Reuters, the U.S. military seized a
placeholder
U.S.-Iran Standoff Suddenly Escalates Over Weekend, Crude Jumps 8% at Monday OpenOver the weekend, the U.S. and Iran engaged in a new round of maneuvering over the situation in the Middle East, leading to a rapid escalation in geopolitical risks. As a result, internat
Author  TradingKey
16 hours ago
Over the weekend, the U.S. and Iran engaged in a new round of maneuvering over the situation in the Middle East, leading to a rapid escalation in geopolitical risks. As a result, internat
placeholder
Gold slumps below $4,800 on renewed Strait of Hormuz tensions Gold price (XAU/USD) slumps to around $4,775 during the early Asian session on Monday. Traders digest renewed tensions between the United States (US) and Iran over the critical Strait of Hormuz.
Author  FXStreet
17 hours ago
Gold price (XAU/USD) slumps to around $4,775 during the early Asian session on Monday. Traders digest renewed tensions between the United States (US) and Iran over the critical Strait of Hormuz.
placeholder
Forex Today: Markets cling to cautious stance despite Israel-Lebanon ceasefire Here is what you need to know on Friday, April 17:
Author  FXStreet
Apr 17, Fri
Here is what you need to know on Friday, April 17:
placeholder
WTI drifts higher to near $89.00 amid Lebanon-Israel ceasefire strains West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.00 during the Asian trading hours on Friday. The WTI price edges higher after reports that Lebanon's army accuses Israel of violating the ceasefire. 
Author  FXStreet
Apr 17, Fri
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.00 during the Asian trading hours on Friday. The WTI price edges higher after reports that Lebanon's army accuses Israel of violating the ceasefire. 
Related Instrument
goTop
quote