IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL5.56▼ 0.37% USD/MXN18.69▲ 0.32% USD/CLP983.51▼ 0.07% USD/COP3,293▲ 0.58% USD/PEN3.40▼ 0.16% USD/ARS1,548▲ 0.15% USD/UYU40.43▲ 3.48% USD/PYG6,196▲ 2.20% USD/BOB11.68▲ 1.36% USD/DOP60.81▲ 0.68% USD/CRC445.62▲ 1.58% USD/GTQ7.64▲ 3.18% USD/HNL26.89▲ 0.13% USD/NIO36.62▲ 1.17% USD/VES899.36▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.46% USD/TTD6.72▲ 2.30% EUR/BRL6.18▼ 0.01% BRENT 93.01 ▲ 1.66% WTI 87.43 ▲ 1.62% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.05% GOLD 4,046 ▲ 0.39% SILVER 52.73 ▲ 3.18% SOY 1,225 ▲ 0.02% CORN 447.25 ▼ 0.39% WHEAT 594.00 ▲ 0.21% COFFEE 264.35 ▼ 2.60% SUGAR 18.21 ▲ 0.66% ORANGE JUICE 146.15 ▲ 5.64% COTTON 82.59 ▲ 4.96% COCOA 4,948 ▲ 4.34% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 59.98 ▼ 2.23% PETR4 43.98 ▼ 2.16% VALE3 65.17 ▲ 0.57% ITUB4 41.60 ▲ 0.97% BBDC4 14.77 ▲ 1.58% ABEV3 15.84 ▲ 0.32% BBAS3 17.29 ▲ 1.11% B3SA3 14.73 ▲ 1.73% WEGE3 51.19 ▲ 0.47% PRIO3 61.14 ▲ 1.87% SUZB3 54.19 ▼ 0.50% RENT3 30.28 ▲ 1.64% AZZA3 15.02 ▲ 1.97% CSAN3 2.79 ▲ 4.10% RAIZ4 0.30 ▼ 98.77% PCAR3 2.58 ▲ 0.78% GMAT3 3.92 ▲ 2.89% PSSA3 46.26 ▼ 0.88% CVCB3 0.87 ▲ 1.16% POSI3 3.21 ▲ 1.90% SLCE3 17.26 ▲ 0.99% NATU3 5.62 ▲ 1.26% BRKM5 2.97 ▲ 1.71% RANI3 8.48 ▲ 0.36% CSNA3 4.44 ▲ 1.37% IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL 5.56 ▼ 0.37% USD/MXN 18.67 ▲ 0.22% USD/CLP 982.30 ▼ 0.20% USD/COP 3,285 ▲ 0.34% USD/PEN 3.41 ▲ 0.02% USD/ARS 1,551 ▲ 0.34% USD/UYU 40.43 ▲ 3.48% USD/PYG 6,196 ▲ 2.20% USD/BOB 11.68 ▲ 1.36% USD/DOP 60.81 ▲ 0.68% USD/CRC 445.62 ▲ 1.58% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.89 ▲ 0.13% USD/NIO 36.62 ▲ 1.17% USD/VES 899.36 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.46% USD/TTD 6.72 ▲ 2.30% EUR/BRL 6.18 ▲ 0.13% BRENT 93.01 ▲ 1.66% WTI 87.43 ▲ 1.62% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.05% GOLD 4,046 ▲ 0.39% SILVER 52.73 ▲ 3.18% SOY 1,225 ▲ 0.02% CORN 447.25 ▼ 0.39% WHEAT 594.00 ▲ 0.21% COFFEE 264.35 ▼ 2.60% SUGAR 18.21 ▲ 0.66% ORANGE JUICE 146.15 ▲ 5.64% COTTON 82.59 ▲ 4.96% COCOA 4,948 ▲ 4.34% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 59.98 ▼ 2.23% PETR4 43.98 ▼ 2.16% VALE3 65.17 ▲ 0.57% ITUB4 41.60 ▲ 0.97% BBDC4 14.77 ▲ 1.58% ABEV3 15.84 ▲ 0.32% BBAS3 17.29 ▲ 1.11% B3SA3 14.73 ▲ 1.73% WEGE3 51.19 ▲ 0.47% PRIO3 61.14 ▲ 1.87% SUZB3 54.19 ▼ 0.50% RENT3 30.28 ▲ 1.64% AZZA3 15.02 ▲ 1.97% CSAN3 2.79 ▲ 4.10% RAIZ4 0.30 ▼ 98.77% PCAR3 2.58 ▲ 0.78% GMAT3 3.92 ▲ 2.89% PSSA3 46.26 ▼ 0.88% CVCB3 0.87 ▲ 1.16% POSI3 3.21 ▲ 1.90% SLCE3 17.26 ▲ 0.99% NATU3 5.62 ▲ 1.26% BRKM5 2.97 ▲ 1.71% RANI3 8.48 ▲ 0.36% CSNA3 4.44 ▲ 1.37%
since 2009
Wednesday, November 11, 2026

Japan’s Political Gambit: Ishiba Calls Snap Election Amid Scandal

By · · 2 min read

Prime Minister Shigeru Ishiba has dissolved Japan’s lower house of parliament, triggering a snap election for October 27, 2024.

This bold move comes just eight days after Ishiba took office, following a damaging fundraising scandal that forced his predecessor’s resignation.

Ishiba aims to clean up the Liberal Democratic Party’s (LDP) image by withdrawing endorsements from 12 lawmakers implicated in the scandal.

Free daily brief — no card needed
Get every East Asia story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

This decision affects prominent figures but risks internal division within the party. Public support for Ishiba‘s administration remains thin.

A Nikkei-TV Tokyo poll showed his cabinet approval rating at 51%, the lowest for a new cabinet since 2002. In Tokyo, the disapproval rating reached 48%, surpassing the 45% approval rate.

Japan's Political Gambit: Ishiba Calls Snap Election Amid Scandal
Japan’s Political Gambit: Ishiba Calls Snap Election Amid Scandal.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

The opposition Constitutional Democratic Party (CDP), led by Yoshihiko Noda, has criticized Ishiba’s decision. Noda accused the prime minister of using the election to cover up the scandal.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Petrobras to pay shareholders US$2.7 billion”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

The CDP has gained ground in recent polls, reaching 15% support. Ishiba emphasized the need for party unity, stating, “Our party is not a strong-arm dictatorship.” He pledged to build consensus through policy discussions and seeks to revitalize the country.

Upcoming Election and Key Challenges

The upcoming election will shape Japan’s approach to ongoing economic, security, and social challenges. Ishiba must navigate these issues while attempting to restore public trust in the LDP.

As Japan prepares for the vote, Ishiba will make his diplomatic debut at the ASEAN summit in Laos. His background as a former defense minister adds weight to his international appearances.

The election campaign will officially begin on October 15, with all 465 lower house members defending their seats. Ishiba hinted that maintaining the LDP’s current majority might prove difficult.

He considers the election a success if the LDP secures more than half the seats with its coalition partner Komeito. Japan’s political landscape stands at a crossroads.

The outcome of this snap election will shape the country’s direction for years to come. Voters must weigh the LDP’s promises of reform against the opposition’s calls for accountability.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.