The replacement of one government or ruling party by another, typically as the result of an election.
選挙の結果、ついに政権交代が起きた。
As a result of the election, a change of government finally occurred.
野党の勝利で政権交代が実現し、政策が大きく変わった。
With the opposition's victory, a change of government took place and policies changed significantly.
政権交代の影響で為替相場が動いた。
The change of government affected the foreign exchange market.
国民は次の政権交代に期待している。
The public is hoping for the next change of government.