<h1>Japanese Prime Minister stays in office after coalition loses parliamentary majority in upper house election</h1> The Japanese Prime Minister announced he will remain in office despite his ruling Liberal Democratic Party and coalition partner losing their majority in the upper house election. The coalition fell three seats short of maintaining control in the 248-seat chamber, leaving them as a minority in both parliamentary houses, though the LDP remains the largest party. The Prime Minister stated he takes the electoral defeat seriously but prioritizes avoiding a political vacuum while addressing urgent challenges including rising prices and an August 1 deadline for tariff negotiations with the US. He expressed hope for reaching a mutually beneficial agreement and meeting with the US President to resolve trade issues.