Japan PM Takaichi's party poised for landslide victory

Japanese Prime Minister Sanae Takaichi
Japanese Prime Minister Sanae Takaichi is posed for victory in next week's election. -AP

Japanese Prime Minister Sanae Takaichi's party is likely to ‍score a landslide victory in next week's lower house ​election.

Takaichi's Liberal Democratic Party is likely to well exceed a majority of 233 seats out of 465 seats up for grabs in the lower ​house, according to a survey by the Asahi newspaper.

That would be an increase from ​198 seats now.

A ⁠strong showing in Sunday's election would solidify Takaichi's grip on her party and give her a mandate for her expansionary fiscal policy, which could ‌heighten concerns ​about Japan's finances and push bond yields ‍higher.

Together with LDP's coalition partner, ‍the Japan Innovation Party or Ishin, the ruling alliance will likely reach 300 seats, the ​poll ​showed.

The largest ​opposition party, the Centrist ​Reform Alliance, is struggling and could lose half its 167 seats, the Asahi said.

Takaichi's ruling coalition currently holds a slim majority in the powerful lower house but has a minority in the ‍upper house.