Prime Minister Sanae Takaichi's Liberal Democratic Party secured a commanding supermajority of 316 seats in the 465-member House of Representatives following the February 8 snap election, enabling seamless passage of the record fiscal 2026 budget in early April without opposition backing. This strengthened position, up from a minority coalition under predecessor Shigeru Ishiba, has quelled speculation of further dissolution, with official statements prioritizing policy continuity—such as defense reforms and economic measures—through the lower house's term extending to 2030. Absent party fractures, scandals, or no-confidence motions amid stable legislative progress in the current Diet session ending July, traders price an 83.5% implied probability against dissolving the sitting lower house by year-end.