The LDP’s landslide victory in the February 2026 general election delivered Prime Minister Sanae Takaichi a record postwar supermajority in the House of Representatives, giving her government little incentive to dissolve parliament again before the end of the year. Recent weeks have focused on internal stability, including a cabinet and party leadership reshuffle that retained key figures, a split in the main opposition Centrist Reform Alliance that further fragmented rivals, and an LDP-backed win in the Okinawa gubernatorial race. No major scandals, no-confidence threats, or coalition fractures have emerged to pressure an early election. While a sudden crisis or strategic calculation could still prompt dissolution before December 31, the current parliamentary arithmetic and political calendar make that outcome highly unlikely in traders’ assessments.