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Japan's governing coalition likely to lose upper house election, exit polls show
TOKYO (AP) — The governing coalition of Prime Minister Shigeru Ishiba is likely to lose a majority in the smaller of Japan's two parliamentary houses in a key election Sunday, according to exit polls, worsening the country's political instability. Voters were deciding half of the 248 seats in the upper house, the less powerful of the two chambers in Japan's Diet. Exit poll numbers Ishiba has set the bar low, wanting a simple majority of 125 seats, which means his Liberal Democratic Party, or LDP, and its Buddhist-backed junior coalition partner Komeito need to win 50 to add to the 75 seats they already have. That would mean a big retreat from the 141 seats they had before the election. Exit poll results released seconds after the ballots closed Sunday night mostly showed a major setback for Ishiba's coalition. Japan's NHK television projected a range of 32-51 seats for the prime minister's coalition, while other networks projected it would win just over 40 seats. Ishiba vows to stay on The LDP alone is projected to win from 32 to 35 seats, the fewest won by the party, which still is the No. 1 party in the parliament. 'It's a tough situation. I take it humbly and sincerely,' Ishiba told a live interview with NHK. He said that the poor showing was because his government's measures to combat price increase have yet to reach many people. Ishiba showed his determination to stay on to tackle economic and security challenges. 'I will fulfill my responsibility as head of the No. 1 party and work for the country.' Economic worries A poor performance in the election would not immediately trigger a change of government because the upper house lacks the power to file a no-confidence motion against a leader, but it would certainly deepen uncertainty over his fate and Japan's political stability. Ishiba would face calls from within the LDP party to step down or find another coalition partner. Soaring prices, lagging incomes and burdensome social security payments are the top issues for frustrated, cash-strapped voters. Stricter measures targeting foreign residents and visitors have also emerged as a key issue, with a surging right-wing populist party leading the campaign. Sunday's vote comes after Ishiba's coalition lost a majority in the October lower house election, stung by past corruption scandals, and his unpopular government has since been forced into making concessions to the opposition to get legislation through parliament. It has been unable to quickly deliver effective measures to mitigate rising prices, including Japan's traditional staple of rice, and dwindling wages. Trade talks with Washington U.S. President Donald Trump has added to the pressure, complaining about a lack of progress in trade negotiations and the lack of sales of U.S. autos and American-grown rice to Japan despite a shortfall in domestic stocks of the grain. A 25% tariff due to take effect Aug. 1 has been another blow for Ishiba. Ishiba has resisted any compromise before the election, but the prospect for a breakthrough after the election is just as unclear because the minority government would have difficulty forming a consensus with the opposition. Populism gains traction Frustrated voters are rapidly turning to emerging populist parties. The eight main opposition groups, however, are too fractured to forge a common platform as a united front and gain voter support as a viable alternative. The emerging populist party Sanseito stands out with the toughest anti-foreigner stance, with its 'Japanese First' platform that proposes a new agency to handle policies related to foreigners. The party's populist platform also includes anti-vaccine, anti-globalism and favors traditional gender roles. Conservative to centrist opposition groups, including the main opposition Constitutional Democratic Party of Japan, or CDPJ, the DPP, and Sanseito have gained significant ground at the Liberal Democrats' expense. The CDPJ was projected to win up to 26 seats, while the DPP could quadruple to 17 seats from four, exit poll results show. Sanseito is expected to surge to 16 from just one. None of the opposition parties said that they were open to cooperating with the governing coalition. CDPJ leader Yoshihiko Noda told NHK that his priority is to form an alliance among the opposition. The spread of xenophobic rhetoric in the election campaign and on social media has triggered protests by human rights activists and alarmed foreign residents. Choice between stability or change LDP has almost continuously dominated Japan's postwar politics, contributing to its political stability and social conformity. Voters are divided between stability and change, with some voicing concern about escalating xenophobia. Yuko Tsuji, a 43-year-old consultant, who came to a polling station inside a downtown Tokyo gymnasium with her husband, said they both support LDP for stability and unity. and voted 'for candidates who won't fuel division." 'If the ruling party doesn't govern properly, the conservative base will drift toward extremes. So I voted with the hope that the ruling party would tighten things up,' she said. Self-employed Daiichi Nasu, 57, who came to vote with his dog, said that he hopes for a change toward a more inclusive and diverse society, with more open immigration and gender policies such as allowing married couples to keep separate surnames. 'That's why I voted for the CDPJ,' he said. 'I want to see progress on those fronts.' ___ Reeno Hashimoto contributed to this report. Mari Yamaguchi, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 minutes ago
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Tag along with Jay at CISCE: The future of digital tech is here!
BEIJING, July 20, 2025 /PRNewswire/ -- This is a report from British visitor Jay Ian Birbeck explored the digital technology section of the third China International Supply Chain Expo, an event showcasing the full breadth of the global supply chain in Beijing from July 16 to 20. At NVIDIA's debut booth, Jay witnessed the U.S. chip giant's latest innovations, including laptops powered by the GeForce RTX 5090 GPU and DLSS 4 neural rendering technology. NVIDIA's presence underscored the company's commitment to advancing AI computing, with local Chinese brands demonstrating how these technologies enhance gaming, creativity, and productivity. Moving to Lenovo's exhibit, Jay learned about its pioneering Hybrid AI concept, integrating personal, enterprise, and public intelligence. With a global network of over 2,000 suppliers and more than 30 manufacturing bases, Lenovo showcased its leadership in driving green, smart, and digital transformations across its ecosystem. Jay was particularly amazed by futuristic prototypes such as transparent screens and rollable displays. At TCL CSOT's display, Jay was introduced to the industry's first borderless quantum-dot Mini LED TV, which offered highly immersive visuals. TCL also displayed inkjet-printed foldable screens, further underscoring China's global leadership in advanced display technologies. The company currently accounts for 30% of the global high-end television market. Rounding out his visit, Jay stopped by Newegg, which demonstrated its role as a "global connector" for Chinese brands. The company showcased AI-powered logistics and marketing tools via its SellingPilot platform. Jay humorously noted that the once-stressful journey of going global has now become a streamlined and rewarding process. "Made in China is seriously stepping up its game," Jay said. But what impressed him most wasn't the products—it was the way companies connected. "Supply chain? More like supply WIN," he concluded. Tag along with Jay at CISCE: The future of digital tech is here! View original content to download multimedia: SOURCE Sign in to access your portfolio
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19 minutes ago
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CDB Aviation and Loong Air Execute Lease Agreements for Six A321neo Aircraft
Aircraft Will Support Airline's Fleet Expansion and Modernization Strategy HANGZHOU, China, July 20, 2025--(BUSINESS WIRE)--CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ("CDB Leasing"), announced the execution of new lease agreements for six Airbus A321neo aircraft with its Chinese airline customer, Zhejiang Loong Airlines Co., Ltd. ("Loong Air"). The Hangzhou-headquartered carrier is expected to take delivery of the aircraft in 2027 from the lessor's orderbook. Renowned for its fuel efficiency, reduced carbon emissions, and extended range capabilities, the A321neo, the largest member of Airbus' A320neo family, is well suited to enhance Loong Air's operational efficiency and sustainability goals. "We are pleased to strengthen our partnership with Loong Air through this transaction, which underscores our commitment to supporting the growth of China's aviation sector," said Jie Chen, Chief Executive Officer of CDB Aviation. "The A321neo's superior economics and passenger comfort align perfectly with Loong Air's vision of expanding its domestic, international and regional network." Established in 2011, Loong Air operates a fleet of over 70 Airbus A320-family aircraft, serving major Chinese cities and select international routes. The addition of the A321neos will enable the airline to boost capacity on high-demand routes while maintaining its focus on cost efficiency and environmental responsibility. "This agreement marks another milestone in Loong Air and CDB Aviation's strategic partnership of more than 10 years," commented Qihong Liu, Chairman of Loong Air. "We also hope to continue to explore new opportunities of cooperation with CDB Aviation and jointly promote innovative development in the future. The A321neo's enhanced performance and cabin flexibility will allow us to offer an elevated travel experience to our passengers, while supporting our long-term sustainability objectives." Forward-Looking Statements This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviation's business, financial condition, results of operations or plans. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as "may," "will," "seek," "continue," "aim," "anticipate," "target," "projected," "expect," "estimate," "intend," "plan," "goal," "believe," "achieve" or other terminology or words of similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation's management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. About Loong Air Zhejiang Loong Airlines Co., Ltd. ("Loong Air") was established on April 19, 2011, with its first cargo flight launched on August 9, 2012, and its first passenger flight on December 29, 2013, Based on Hangzhou, Zhejiang Province. The company serves as Zhejiang Province's leading home-based airline and one of the key players in the aviation industry. Loong Air has established three branches in Northwest, Southwest, and Central-South of China. To date, its fleet size reach to 73, operating domestic and international passenger and cargo routes covering Mainland China, Hong Kong, Macau and extending to Japan, South Korea, Southeast Asia, South Asia, and Central Asia, transporting over 10 million passengers annually. The company is committed to four major development visions: high-quality, group operations, intelligence and international, to establish itself as a world-class aviation group. About CDB Aviation CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ("CDB Leasing") a 40-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody's (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is one of the world's largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating. CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China's leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606). View source version on Contacts Media contact: Paul +1 612 594 9844 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
