Insight: This Sunday, Japan will vote in a general election to decide members of the lower House of Representatives. And while Japanese voters will once again have a breathtaking choice, with over 1,000 candidates from a plethora of parties to consider, mostly they play it safe: the ruling Liberal Democratic Party has been in power for more than half a century, with barely an interruption.
Impact: Could Sunday be any different? Japanese voters feel a broad sense of dissatisfaction with the way democracy is going in their country, notes the Pew Research Center. Opinion polls and media commentary suggest the LDP may lose its outright majority in the lower house and could even be forced into a minority coalition government. If so, this would likely stymie attempts by the Bank of Japan to raise interest rates as planned, since the opposition parties want to keep them low for as long as possible. And it would cost newly minted Prime Minister Shigeru Ishiba his job. After all, he called the snap election hoping to catch his political opponents off-guard. That may backfire.