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TOKYO — Japan's ruling coalition lost its parliamentary majority in a drubbing at Sunday's national election, raising uncertainty over the make-up of the next government and the outlook for the world's fourth-largest economy.
"The voters' judgment on the ruling bloc was harsher than expected," said Saisuke Sakai, senior economist at Mizuho Research and Technologies."Uncertainty over the administration's continuity has increased, and the stock market is likely to react tomorrow with a sell-off, especially among foreign investors."The LDP has held an outright majority since it returned to power in 2012 after a brief spell of opposition rule.
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