Takaichi's Approval Ratings Plummet Amidst Rising Inflation

Japanese Prime Minister Sanae Takaichi's approval rating has taken a hit due to rising living costs. According to a recent poll conducted by Yomiuri, her administration's approval rating fell to 57% in July, down from 69% in June.

This marks the first time since she took office that her approval rating has dropped below 60%. The percentage of people disapproving of her administration rose to 34%, up from 21% in June.

The poll also showed that 71% of those questioned disapproved of her efforts to combat rising living costs. Takaichi's expansionary fiscal and monetary policy bias has caused a spike in bond yields and a slump in the yen, reaching four-decade lows.