Takaichi Approval Slump Tests Japan's Economic Strategy

Japanese Prime Minister Sanae Takaichi is facing her toughest test yet as her approval rating plummets to 57% in July, down from 69% in June. The weak yen has become a central concern for households, pushing up import costs and making everyday purchases more expensive.

Takaichi defended her economic policies, stating that restoring Japan's growth and competitiveness would strengthen market confidence in the yen. She emphasized that exchange rates are influenced by multiple factors, not just government policy.

The administration is pursuing a long-term investment strategy, aiming to pour over 370 trillion yen into strategic sectors through fiscal 2040. However, voters are judging the government's performance in real-time, rather than waiting for long-term results.