Latest news with #political instability
The Independent
17 hours ago
- Politics
- The Independent
Netanyahu government rocked as key party quits coalition
Israeli prime minister Benjamin Netanyahu 's governing coalition faces instability after the ultra-Orthodox United Torah Judaism party announced its withdrawal. The party's departure stems from deep disagreements over a proposed bill that would enshrine military draft exemptions for its constituents, a contentious issue in Israel. This move, which becomes official within 48 hours, will leave Netanyahu with a slim majority, potentially increasing his reliance on far-right parties. The political shake-up occurs amidst ongoing, stalled truce negotiations between Israel and Hamas, with far-right coalition members opposing concessions. The split doesn't immediately threaten Netanyahu's rule due to procedural reasons, and the summer parliamentary recess offers Netanyahu a window for potential reconciliation with United Torah Judaism.
Free Malaysia Today
a day ago
- Business
- Free Malaysia Today
Japan's ruling coalition seen losing upper house majority, polls show
Shigeru Ishiba faces pressure to keep 50 seats to maintain the ruling majority in the upper house. (AP pic) TOKYO : Japan's ruling coalition will likely lose its majority in the upper house election on July 20, media polls showed on Tuesday, heightening the risk of political instability at a time the country struggles to strike a trade deal with the US. Japanese bond yields soared as investors braced for the possible loss of fiscal hawk prime minister Shigeru Ishiba, which could strain the country's already frail finances. Ishiba's ruling Liberal Democratic Party (LDP) and its coalition partner Komeito will likely struggle to retain the 50 seats needed to defend its majority in the upper house of parliament, the Asahi newspaper said based on voter polls and nationwide reporting by its journalists. Japan's Jiji news agency also reported on Tuesday that the ruling coalition was struggling in the election campaign and could lose its majority in the upper house. Ishiba's administration has seen approval ratings slide as the rising cost of living, including the soaring price of Japan's staple rice, hits households. 'Ishiba's low approval ratings reflect voter dissatisfaction with the status quo,' David Boling, a director at consulting firm Eurasia Group, said in a research note, adding he sees a 60% chance of the ruling coalition losing its majority. The political uncertainty comes at a critical time for Japan, which must clinch a trade deal with Washington by the new Aug 1 deadline to avoid being slapped with 25% tariffs. Ishiba is arranging to meet US treasury secretary Scott Bessent on Friday during his visit to Japan to attend the US national day at the World Expo in Osaka, the Yomiuri newspaper reported. Japan's top government spokesperson said on Tuesday that Bessent's schedule was still being arranged. As darkening economic prospects and rising inflation hit households, Ishiba has pledged to deliver cash payouts to cushion the blow to households from rising living costs. But Ishiba has shunned opposition calls to cut Japan's sales tax rate. An election defeat may heighten the chance of a cut, some analysts say. It would also complicate the Bank of Japan's efforts to wean the economy off a decade-long, massive stimulus. The risk of looser fiscal policy pushed super-long Japanese government bond yields to record-high levels. 'If the ruling coalition loses a majority, markets will be on the lookout for clues on Ishiba's fate, the new government framework and its fiscal policy stance,' said Naoya Hasegawa, chief bond strategist at Okasan Securities.
Arab News
a day ago
- Business
- Arab News
Japan's ruling coalition seen losing upper house majority, Asahi reports
TOKYO: Japan's ruling coalition will likely lose its majority in the upper house election on July 20, the Asahi newspaper said on Tuesday, heightening the risk of political instability at a time the country struggles to strike a trade deal with the US Prime Minister Shigeru Ishiba's ruling Liberal Democratic Party (LDP) and its coalition partner Komeito will likely struggle to retain the 50 seats needed to defend its majority in the upper house of parliament, the Asahi said. The LDP will likely win just around 35 seats, the paper said. The LDP currently hold 52 seats. Asahi said its report was based on phone and Internet surveys conducted on voters July 13-14, as well as research nationwide by the newspaper's journalists. Ishiba's administration has seen approval ratings slide as the rising cost of living, including the soaring price of Japan's staple rice, hit households.
Reuters
a day ago
- Business
- Reuters
Japan's ruling coalition seen losing upper house majority, Asahi reports
TOKYO, July 15 (Reuters) - Japan's ruling coalition will likely lose its majority in the upper house election on July 20, the Asahi newspaper said on Tuesday, heightening the risk of political instability at a time the country struggles to strike a trade deal with the U.S. Prime Minister Shigeru Ishiba's ruling Liberal Democratic Party (LDP) and its coalition partner Komeito will likely struggle to retain the 50 seats needed to defend its majority in the upper house of parliament, the Asahi said. The LDP will likely win just around 35 seats, the paper said. The LDP currently hold 52 seats. Asahi said its report was based on phone and internet surveys conducted on voters July 13-14, as well as research nationwide by the newspaper's journalists. Ishiba's administration has seen approval ratings slide as the rising cost of living, including the soaring price of Japan's staple rice, hit households.
