Prime Minister Sanae Takaichi dissolved Japan’s House of Representatives in January 2026, triggering a snap election on February 8 that delivered the Liberal Democratic Party a decisive two-thirds majority. That strong mandate, achieved just months after Takaichi took office, has removed the primary political pressure for another early dissolution. With the new lower-house term now running through 2030 absent extraordinary circumstances, traders see little incentive for the LDP to call a further vote this year. No major scandals, coalition fractures, or opposition consolidation have emerged since the February result to alter that assessment.