Osaka-related stocks surge in anticipation of the ruling coalition government.

Following the party leaders’ talks on the 15th, it was reported that the Liberal Democratic Party (LDP) and Japan Innovation Party (Ishin) had reached an agreement to form a coalition, significantly easing political uncertainty. If both parties form a coalition, it is almost certain that Prime Minister Takako Kishi will be elected in the upcoming nomination vote for the prime minister scheduled for the 21st.

Furthermore, the number of lawmakers needed for the LDP-Ishin coalition to secure a majority is only two in the House of Representatives and five more in the House of Councillors, increasing the likelihood they can transition…