Japanese Election coverage: Exit polls across various outlets project a victory for PM Takaichi's ruling coalition LDP; generally see a single party majority, with the possibility of a two-thirds majority with its current partner JIP

• Japan’s ruling Liberal Democratic Party and its coalition partner, the Japan Innovation Party, are projected to win around 300 seats, giving the LDP a standalone majority.
• The opposition Centrist Reform Alliance is expected to suffer major losses, while Sanseito and Team Mirai are forecast to gain seats.

• NHK projects that Japan’s ruling Liberal Democratic Party and its coalition partner, the Japan Innovation Party, will secure a two-thirds majority in the Lower House, with the LDP likely winning a majority on its own and possibly up to 300 seats.
• Meanwhile, the main opposition Centrist Reform Alliance is expected to lose around half its seats.
• By party: The LDP is expected to secure 274 to 328 seats. The Centrist Reform Alliance is likely to win 37 to 91 seats (prev. 172 pre-election). The Japan Innovation Party is predicted to win 28 to 38.

• The Nikkei projects that the LDP is set to secure a single party majority.
• A chart posted on the outlets site projects the LDP to secure 256 seats (majority required 233).

The exit polls indicating a projected victory for PM Takaichi's ruling coalition, the LDP along with the Japan Innovation Party, suggest a stable political environment in Japan, potentially enabling the government to pursue its policy agenda more aggressively. This outcome might strengthen the JPY as markets view a decisive majority as conducive to economic reforms, while investor sentiment for Japanese equities could also see a boost due to reduced political uncertainty. However, watch for the potential reaction in USD/JPY and broader risk sentiment as the final results are confirmed.