I can't find any English reports yet, but one in Japanese is at IBC News.
8pm update: At Bloomberg in English:
The probe may damage Ozawa’s bid to oust Prime Minister Taro Aso and end the Liberal Democratic Party’s almost unbroken half-century rule. The DPJ won control of the less-powerful Upper House in July 2007 and is favored to unseat the LDP in lower-house elections that must be called by September.
“This changes everything for the DPJ,” said Tokyo-based independent political analyst Minoru Morita.* “If Aso dissolves parliament immediately, the DPJ may lose the advantage it had over the LDP.”
*Hmmm...Do I know this guy, Morita?
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