机构：日本大选不太可能导致大规模财政宽松政策出台

Core Viewpoint - The upcoming Japanese election is unlikely to result in significant fiscal policy easing despite the ruling coalition's expected majority expansion, as the rationale for further fiscal expansion has been weakened by previous budgetary measures [1] Group 1: Election Impact - The approval rating of Prime Minister Fumio Kishida's cabinet is at its highest since Shinzo Abe's administration, indicating strong support for the ruling coalition [1] - It is anticipated that the ruling coalition will likely expand its majority in the upcoming election [1] Group 2: Fiscal Policy Considerations - The substantial supplementary budget passed last year, which included cuts to gasoline taxes and electricity prices, has diminished the justification for further fiscal expansion [1] - Japan's regular budget for the fiscal year 2026 already includes planned spending increases, indicating a pre-existing commitment to fiscal policy [1] - Any additional fiscal easing would require a new supplementary budget, which Japan typically only enacts in response to severe natural disasters or significant economic turmoil [1]