Aurora Macro Strategies

Aurora Japan: Opposition Merger Talks Show Takaichi Is Not the Only Risk Taker

January 14, 2026

Japan

Opposition merger talks are adding a second source of political risk to Japan's election calculus. Aurora explains why Takaichi is not the only actor gambling, and how a reshaped opposition could alter the balance of power.

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Aurora Japan: Opposition Merger Talks Show Takaichi Is Not the Only Risk Taker