Until the 1993 election, rural voters effectively had three times the weight in elections that urban voters had, and the LDP governments had subsidized rural areas at the expense or urban taxpayers. The LDP had also promoted regulations that helped entrenched businesses at the expense of consumers, and its leaders had historically had difficulty being prominent on the world stage. There were hopes prior to the election that the Hata-led coalition could change this situation.
The ruling Liberal Democratic Party lost its overall majority for the first time since 1983 and also failed to form the government for the first time since 1955. They were replaced by an eight-party coalition headed by Morihiro Hosokawa, who was elected prime minister.
The coalition government collapsed after 10 months when the Socialist Party and New Party Sakigake left the government. The Socialist Party decided to form a coalition government with Liberal Democratic Party in 1994, returning the LDP to power.