Japan PM Takaichi’s approval falls as inflation hits households
Japanese Prime Minister Sanae Takaichi is facing growing public dissatisfaction as rising prices and higher living costs begin to weaken support for her government. A nationwide poll published by the Yomiuri newspaper showed that approval for Takaichi’s administration fell sharply in July. The cabinet’s approval rating dropped to 57 per cent, compared with 69 per cent in June. It is the first time since Takaichi took office that support for her government has fallen below 60 per cent. The survey was conducted from July 24 to 26. It showed that public disapproval also increased significantly. The share of respondents who opposed the cabinet rose to 34 per cent, up from 21 per cent in the previous month. Inflation has emerged as the biggest concern for voters. About 71 per cent of respondents expressed dissatisfaction with the government’s handling of rising prices and living costs. That figure stood at 56 per cent in June. The findings indicate that economic pressure is increasingly affecting Takaichi’s political standing. Her government had previously enjoyed strong public support, but persistent price increases are creating fresh challenges. Takaichi is also facing criticism over her government’s expansionary fiscal and monetary policy approach. The policies have contributed to higher bond yields and pressure on the yen, which has fallen to levels not seen in several decades. The latest polling results could increase pressure on the government to provide immediate relief to households. While issues such as national security remain important, voters are increasingly focused on everyday expenses and their purchasing power. Takaichi now faces the challenge of demonstrating that her economic policies can control inflation while maintaining broader economic stability.
