**Prime Minister Sanae Takaichi dissolved Japan’s lower house on January 23, 2026, triggering a February 8 snap election that delivered the Liberal Democratic Party a commanding two-thirds majority.** With that mandate secured, the government faces no immediate pressure to call another dissolution before year-end. The new four-year term runs through 2030 absent extraordinary circumstances, and the LDP’s strengthened position alongside coalition support reduces the usual political incentives for an early poll. No major scandals, leadership challenges, or legislative gridlock have emerged since February to alter that calculus. Traders therefore price the likelihood of any further dissolution in the remaining months of 2026 at low probability, consistent with historical patterns in which newly elected supermajority governments rarely dissolve early.