TOKYO: Japanese Prime Minister Fumio Kishida on Monday declared victory in the national elections after leading a strong majority of his ruling coalition.
The long-ruling Liberal Democratic Party (LDP) and its junior coalition partner Komito won 293 of the 465 seats in the lower house of parliament, local media reported, while official results were finalized.
“It was a very difficult election, but the will of the people – that they want us to build the future of this country under a stable LDP-Komeito government and the Kishida administration -” he said.
“We have got valuable 261 seats for the LDP. As a responsible party … we will fulfill the public mandate,” said Kashida, who has been in office for a month.
Following the news of the results, the benchmark Nikkei Stock Index rose more than 2%, enabling the ruling bloc to bill itself on issues ranging from epidemic stimulus to defense spending.
The coalition previously held 305 seats in parliament, and the LDP won 276 seats on its own.