Japan’s ruling coalition lost its majority in the upper house elections on Sunday, exit polls projected, in a disastrous result for prime minister Shigeru Ishiba. Ishiba’s Liberal Democratic Party (LDP) and its partner Komeito won about 41 of the 125 seats contested,

A poor showing by the coalition could shake investor confidence in the world’s fourth-largest economy and disrupt critical trade talks with the United States, analysts say.

The governing coalition of Prime Minister Shigeru Ishiba is likely to lose a majority in the smaller of Japan’s two parliamentary houses in a key election Sunday, according to