Japan's PM Ishiba Faces Economic and Political Challenges Ahead of Election

Prime Minister Ishiba's stance on monetary policy and economic measures comes under scrutiny as Japan prepares for a general election.

BOJ Governor Kazuo Ueda's plans for rate hikes are complicated by PM Ishiba's preference for loose monetary policy and upcoming elections.
Ishiba's recent remarks have caused fluctuations in the yen, raising concerns about Japan's economic stability and BOJ's tightening strategy.
In his first policy speech, Ishiba highlighted regional security threats and domestic issues like low birth rates as critical challenges.
The Prime Minister has instructed his cabinet to develop an economic package to support inflation-hit voters, including cash handouts and regional aid.
With low approval ratings, Ishiba aims to strengthen his leadership and the ruling party's position in the upcoming elections.