Japan’s government in flux after election gives no party majority

The make-up of Japan’s future government was in flux on Monday after voters punished Prime Minister Shigeru Ishiba’s scandal-tainted ruling coalition in a weekend election, leaving no party with a clear mandate to lead the world’s fourth-largest economy.

The uncertainty sent the yen currency JPY=EBS to a three-month low as analysts prepared for days, or possibly weeks, of political wrangling to form a government and potentially a change of leader.

That comes as the country faces economic headwinds...