Danger signals for Kishida as Japan’s inflationary pressures rise

Cuts to income tax and consumption levy are being considered but country’s economic troubles run far deeper.

Japanese PM Fumio Kishida's party lost a long-held Upper House seat on the island of Shikoku in a by-election. PHOTO: AFP
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Mr Fumio Kishida marked the two-year milestone of his stint as Japan’s Prime Minister on Oct 4. It was not on a celebratory note. His approval ratings had dropped to the lowest of his premiership – falling to 29 per cent from 37 per cent in September in a recent Asahi newspaper poll.

On Sunday came more bad news: His party lost a long-held Upper House seat on the island of Shikoku in a by-election. Though it retained a Lower House seat in Nagasaki, the race was too close for comfort for Team Kishida as it ponders calling a snap election.

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