Bandar seri begawan: Japan’s upper house election on Sunday dealt a big blow to the ruling coalition and sets markets up for possible policy paralysis and a bigger fiscal deficit, much of which is already priced in, analysts said.
According to Radio Television Brunei, exit polls after Sunday’s election showed the ruling coalition led by Prime Minister Shigeru Ishiba is likely to lose control of the upper house, thus making it a minority in both chambers of the government.