Asian Insider

Oct 29 2024 25 mins 1

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Political upheaval in Japan as its snap elections see the ruling party lose its majority, reshaping its ties with the US and Asia.

Synopsis: Join The Straits Times’ senior columnist Ravi Velloor, as he distils his experience from four decades of covering the Asian continent.

In this episode, Ravi speaks with Tobias Harris, founder of political risk consultancy Japan Foresight on the fallout from the stunning electoral reverses suffered by Japanese Prime Minister Shigeru Ishiba following his decision to hold snap polls.

They discuss what the results, which saw the long-governing Liberal Democratic Party and allied party Komeito lose their parliamentary majority, mean for Japan, its alliance with the US, and its ties with wider Asia.

Tobias and Ravi also discuss how the results could impact on fiscal policy, and whether the government would now be forced to go in for further fiscal expansion.

Highlights (click/tap above):

1:36 Japan’s political ‘earthquake’

4:33 Anger, frustration in Japan

7:50 Domestic priorities to be a focus

8:33 Japan’s foreign policy

17:55 Fiscal discipline will be difficult

21:17 A modernised LDP

Host: Ravi Velloor ([email protected])

Read Ravi's columns: https://str.sg/3xRP

Follow Ravi on X: https://twitter.com/RaviVelloor

Produced and edited by: Fa’izah Sani

Executive producer: Lynda Hong