Japan witnesses the emergence of a new political party called "Moderate Reform Coalition", according to the recent announcement. The party aims to bring a moderate approach to domestic policy-making and seeks to reform the existing governmental systems. The official unveiling and manifesto of the party are not known yet but it is expected soon.

In Japan, the creation of a new political party with a focus on moderate reforms has raised a lot of discussions about the future of Japanese politics. As society continues to face various challenges, from the declining birth rate problem to economic concerns, there is increasing demand for political change. This new force could bring about the much-needed policy shake-up and revitalization.

Similar to the U.S. and EU, Japan has a blend of established major and smaller, newer political parties. Every so often, a new party emerges looking to change the status quo, somewhat like the recent rise of minor parties in the EU. However, unlike the two-party system that is dominant in the U.S., Japan has a multi-party system which allows for more political fluidity and room for new parties to form and gain traction.