Prime Minister Sanae Takaichi’s Liberal Democratic Party secured a supermajority in the February 2026 general election following the January dissolution of the House of Representatives, giving the ruling coalition stable control through the current term. The Diet’s autumn extraordinary session, running into December 2026, focuses on legislative priorities such as consumption tax relief and electoral reform rather than early dissolution. With the next scheduled Lower House election due no later than February 2030 and no immediate institutional or coalition pressures, traders see little basis for another snap vote this year. Late-session developments, such as major scandals, coalition fractures, or acute economic shocks, remain the primary variables that could still prompt reconsideration.