Sanae Takaichi Dissolves Japanese Parliament Before Snap February Election

Sanae Takaichi dissolved the lower house of the Japanese parliament on Friday to trigger a snap election on February 8.The decision follows a week of market volatility after the Prime Minister proposed significant tax cuts and spending packages to address the rising cost of living.The Bank of Japan simultaneously voted to keep interest rates steady at zero point seventy-five percent while upgrading economic growth forecasts.