Prime Minister Sanae Takaichi’s Liberal Democratic Party secured a historic supermajority in the February 2026 general election after dissolving the lower house in late January, giving the ruling LDP-Japan Innovation Party coalition firm control of the Diet. With opposition forces fractured following the recent collapse of the Centrist Reform Alliance, the government faces no immediate pressure to call another snap election. Scheduled events such as a cabinet reshuffle on September 17 and an extraordinary Diet session beginning October 5 instead point to a focus on legislative priorities through year-end. Trader consensus at 96.5 percent “No” reflects this stable mandate and the typical four-year lower-house term, though an unforeseen crisis or loss of coalition cohesion could still prompt an early dissolution before December 31.