Prime Minister Sanae Takaichi’s Liberal Democratic Party secured a two-thirds supermajority in the February 2026 lower-house election after dissolving the House of Representatives in January, giving the ruling LDP–JIP coalition stable control through the current four-year term that runs until 2030. Opposition parties remain fragmented following the collapse of merger attempts, while Takaichi’s cabinet maintains solid approval near 59 percent amid routine legislative priorities such as tax measures and security policy. With no scheduled upper-house contest until 2028 and no evident triggers like a no-confidence motion or acute crisis, traders see little incentive for another dissolution before year-end. Late developments such as a sharp approval collapse, major scandal, or unexpected coalition fracture could still prompt reconsideration, though current conditions point strongly against it.