Prime Minister Sanae Takaichi’s Liberal Democratic Party secured a commanding lower house majority in the February 2026 general election, extending the current term until 2028 and removing any immediate need for a snap dissolution. The ongoing extraordinary Diet session, running through December 12, centers on legislative priorities such as consumption tax relief and electoral reform rather than electoral timing. With no scheduled votes of no confidence, coalition fractures, or economic shocks reported in recent months, traders view another dissolution this year as highly improbable. A sudden major scandal, sharp drop in approval ratings, or unforeseen parliamentary impasse could still prompt reconsideration before year-end, though current conditions show no such catalysts.