Takaichi's Approval Ratings Plummet Amidst Japan's Inflation Woes

Japanese Prime Minister Sanae Takaichi's approval rating has dropped to its lowest point since taking office, falling to 57% in July from 69% a month earlier.

The survey by Yomiuri Shimbun found that 71% of respondents disapproved of the government's handling of rising prices, with inflation emerging as the dominant issue affecting public opinion.

Japan is grappling with persistent inflation, higher food and energy costs, and the Bank of Japan's shift towards monetary tightening after years of ultra-low interest rates.

Takaichi has consistently advocated for accommodative fiscal policies and stronger government spending to support economic growth, but the latest increase in policy rate by the central bank may test her economic strategy.

The government is considering a cabinet reshuffle as early as August or September to strengthen its administration and address growing public dissatisfaction.