综述｜日本政局动荡给经济带来更多不确定性

Group 1 - The Japanese Prime Minister, Fumio Kishida, announced the dissolution of the House of Representatives, leading to increased political instability and economic uncertainty [1] - Concerns over the ruling Liberal Democratic Party's potential victory may exacerbate fears regarding aggressive fiscal policies, resulting in a decline in capital markets and a "double hit" in the bond and currency markets [1][2] - The yield on newly issued 10-year government bonds surged to 2.23%, the highest level since February 1999, while the yen depreciated sharply against the dollar, reaching 159.45 yen [1][2] Group 2 - The dissolution of the House of Representatives may delay the approval of the new fiscal year's budget and various tax reform proposals, impacting economic operations starting April 1, 2026 [2][3] - The planned expansion of tuition subsidies for private high schools, amounting to 617.4 billion yen, may be jeopardized if the new budget is not approved in time [2] - A proposed elimination of a 3% environmental tax on car purchases, aimed at supporting the automotive industry, is also pending approval from the new parliament [3]