11:00 JST, September 5, 2025
Japan’s ruling parties, the Liberal Democratic Party and Komeito, suffered a crushing defeat in July’s House of Councillors election, losing their majority in the upper house as they lost their majority in the House of Representatives last October. On the other hand, some emerging parties made remarkable gains. Call it voters’ judgment on the course of Japan’s economy and society during the 30 years or so after the collapse of the bubble economy. The country’s future is not looking good.
The biggest issue in the upper house election was rising prices. The real problem here is the prolonged stagnation of the Japanese economy.
About 40 years ago, when it was said that the country’s rapid growth would lead to “Japan as No. 1,” the economy was enjoying a bubble, but that burst in the…
