On July 20, 2025, Japanese voters went to the polls and awarded the far-right party Sanseitō with 14 seats in the upper house, a tremendous increase from its previous one seat. A right-wing populist party gaining national traction in a country often seen as resistant to populism took longer than expected by many Japan watchers.
Could be happening at a very important time given Japan’s growing debt problem:
What is the most important price in the world economy right now? The price of Gold, of oil, of rice, of the US Dollar? Each can make a righteous claim to that venerable title. But arguably the one that matters most right now is the price of Japanese debt.