Explain Japan's "One-And-A-Half" Party System

question 18

Essay

Explain Japan's "one-and-a-half" party system.Why was that system so stable and why did that stability fracture in 2007?

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Definitions:

Wheat Futures Contracts

A standardized contract to buy or sell a specific amount of wheat at a future date, used for hedging or speculative purposes in the commodities market.

Payoff

The return or final outcome received from an investment, which could be positive or negative.

Maturity Date

The date on which a debt obligation must be repaid in full, including any principal and accrued interest.

Troy Ounce

A Troy ounce is a unit of imperial measure used primarily in the precious metals industry, equating to approximately 31.1035 grams.