Japanese Prime Minister Shigeru Ishiba speaks at LDP headquarters during the country's general election on October 27, 2024

Tokyo (AFP) - Japanese Prime Minister Shigeru Ishiba faced the prospect of minority rule Monday after his gamble of snap elections backfired with the ruling party’s worst election result in 15 years.

Ishiba, 67, called Sunday’s election days after taking office on October 1, but voters angry at a slush fund scandal punished his Liberal Democratic Party (LDP), which has governed Japan almost non-stop since 1955.

“We are receiving severe judgement,” Ishiba said late Sunday as footage showed gloomy faces at the conservative party’s headquarters.

The Japanese people “expressed their strong desire for the LDP to do some reflection and become a party that will act in line with the people’s will”, he said.

The yen hit a three-month low, sliding more than one percent against the dollar, as exit polls and results reported by national broadcaster NHK and other media showed the worst result for the LDP and its junior coalition partner Komeito in 15 years.

Officials of the election administration committee count ballots for Japan's general election in Tokyo

They were projected to fall short of Ishiba’s stated goal of winning at least 233 seats – a majority in the 456-member lower house.

The LDP won 191 seats, down from 259 at the last election in 2021, and Komeito 24, according to NHK tallies. Official results were expected later Monday.

Ahead of the election, Japanese media had speculated that if this happened, Ishiba could potentially quit, becoming the nation’s shortest-serving prime minister in the post-war period.

On Monday the LDP’s election committee chief, former premier Junichiro Koizumi’s son Shinjiro Koizumi, resigned.

The most likely next step is that Ishiba will now seek to head a minority government, with the divided opposition seen as probably incapable of forming a coalition of their own, analysts said.

“Lawmakers aligned with (former prime minister Shinzo) Abe were cold-shouldered under Ishiba, so they could potentially pounce on the opportunity to take their revenge,” Yu Uchiyama, political science professor at the University of Tokyo, told AFP.

“But at the same time, with the number of LDP seats reduced so much, they might take the high road and support Ishiba for now, thinking it’s not the time for infighting,” he said.

- Booted out -

CDP leader Yoshihiko Noda arrives at the party's headquarters in Tokyo on October 27, 2024

If confirmed by official results, the LDP losing its majority will be its worst result since being booted from office 15 years ago before being brought back in a 2012 landslide by the late Abe.

A big winner of the night was former premier Yoshihiko Noda’s opposition Constitutional Democratic Party (CDP) which increased its projected seat tally to 148 from 96 at the last election.

Ishiba had promised to not actively support LDP politicians caught up in the funding scandal that saw party members pocket money from fund-raising events and helped sink his predecessor Fumio Kishida.

But the opposition jumped on media reports that the party has provided 20 million yen ($132,000) each to district offices headed by these figures, who were still standing in the election.

“Voters chose which party would be the best fit to push for political reforms,” Noda said late Sunday, adding that the “LDP-Komeito administration cannot continue”.

Mirroring elections elsewhere, fringe parties did well, with Reiwa Shinsengumi, founded by a former actor, tripling its seats to nine after promising to abolish sales tax and boost pensions.

The anti-immigration and traditionalist Conservative Party of Japan, established in 2023 by nationalist writer Naoki Hyakuta, won its first three seats.

The number of women lawmakers meanwhile reached a record high at 73, according to NHK, but still representing less than 16 percent of the legislature.

Ishiba had pledged to revitalise depressed rural regions and to address the “quiet emergency” of Japan’s declining population through family-friendly measures such as flexible working hours.

People vote on election day at a polling station set up at a local school in Tokyo

But he rowed back his position on issues including allowing married couples to take separate surnames.

He has backed the creation of a regional military alliance along the lines of NATO to counter China, although he has cautioned it would “not happen overnight”.

“As long as our own lives don’t improve, I think everyone has given up on the idea that we can expect anything from politicians,” restaurant worker Masakazu Ikeuchi, 44, told AFP on Monday in rainy Tokyo.

“I think the outcome was a result of people across Japan wanting to change the current situation,” said fellow voter Takako Sasaki, 44.

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