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It's hard to say what this will do as they still haven't formed a government yet I don't think. Ishiba is the best candidate to deal with the geopolitical situation, that's probably why his party picked him but at the same time because of the weak position of the LDP I think he will struggle to make decisive decisions if they have to be made, he would have to work with the minor parties to do that.
As for inner politics, I have no idea. I guess it will depend on what demands minor parties make of the LDP in order to form a government. It will means they won't be able to make any drastic changes though you would think.
Japan does alright. They are often attacked for their stagnating economy but that is complicated. Yes their GDP growth is slower than many other nations but their GDP growth per Capita is actually inline with most other OECD nations, it was fairly close to Australia before Covid and since then things have gone strange for both of us(well the whole world really but still).
The reason Japan's economy isn't growing is because of a lack of population growth whereas most of the growth of Australia's economy comes from Migrants. If you ignore that and look at wealth growth by the individual then we are similar. Though Australia is one of the richest nations on earth per capita so we are still richer than they are in that way.
Japan has problems with inflation but the whole world does. Though in Japan's case it's largely because of a depreciating yen, so it's a bit different. But the yen should go up once the US and the rest of the world lower interest rates enough.
Japan has massive debt too of course but they have low interests rates and the debt is held by the Japanese themselves, so it's not as big of an issue as the US in my opinion(the US spends more on interest on it's debt that it does on defence).
Japan has issues but they are structural, they have a declining and ageing population and there is nothing you can do about that other than import migrants which isn't really a long term solution and has it's own problems. So they have to learn to continue with a declining population(which we all should be learning to do instead of importing migrants).
But also we don't know what's going to happen in regards to Trump, China and trade wars and how that will hit Japan if Trump gets in. Australia should be fine, the USA would be dumb to put tariffs on us, even China rethought their attempts at that. But Japan is a direct competitor to the USA, China and the EU in many ways so a trade war could do interesting things...