Prime Minister Sanae Takaichi dissolved Japan’s House of Representatives on January 23, 2026, triggering a snap election on February 8 that delivered the Liberal Democratic Party a postwar-record 316 seats and a two-thirds supermajority. The newly seated lower house holds a four-year term extending to 2030. Japanese prime ministers have historically avoided early dissolutions when commanding such majorities and workable approval ratings, even as recent polls show cabinet support fluctuating between roughly 40% and 60%. No procedural triggers, coalition breakdowns, or announced policy deadlines have emerged since February that would incentivize another dissolution before year-end. Traders therefore price a second 2026 dissolution as unlikely.