Takaichi's Approval Rating Plummets Amid Japan's Rising Inflation

The approval rating of Japanese Prime Minister Sanae Takaichi's administration has hit its lowest point since she took office last year, according to a recent poll by the Yomiuri newspaper.

The survey showed that the prime minister's popularity dropped to 57% in July, down from 69% in June and below 60% for the first time since her inauguration.

The decline comes as inflation continues to rise, with living costs affecting Takaichi's government. Her administration's expansionary fiscal and monetary policies have led to a spike in bond yields and a slump in yen to four-decade lows.

Takaichi has been facing opposition from within her own ruling party, delaying the decision on whether to cut an 8% levy on food sales, which she had pledged to do to cushion the blow from rising living costs.