Takaichi Approval Rating Slides Amid Rising Living Costs Concerns

Japanese Prime Minister Sanae Takaichi's approval rating has taken a hit due to growing public frustration over rising living costs. According to a recent poll conducted by the Yomiuri newspaper, the cabinet's approval rating fell sharply to 57% in July, down from 69% in June.

This marks the first time her administration's support has dipped below the 60% threshold since she took office. The percentage of respondents disapproving of the cabinet climbed to 34%, up from 21% the previous month.

Dissatisfaction with the government's handling of inflation and rising living costs jumped to 71% compared to 56% in June. Takaichi's administration has faced criticism for its expansionary fiscal and monetary policy bias, which has caused a spike in bond yields and a slump in yen to four-decade lows.