Highlights

  • Takaichi dissolved lower house ahead of February 8 polls
  • Election called amid inflation and rising living costs
  • Ruling coalition holds only slim parliamentary majority

Latest news

Samsung Takes on Premium Home Audio With New Music Studio Series

Samsung Takes on Premium Home Audio With New Music Studio Series

The End of OxygenOS: OnePlus Confirms Shift to Oppo's ColorOS 

The End of OxygenOS: OnePlus Confirms Shift to Oppo's ColorOS 

Fujifilm Instax Mini Evo Cinema Review: A Hybrid Camera That Prints Memories Differently 

Fujifilm Instax Mini Evo Cinema Review: A Hybrid Camera That Prints Memories Differently 

iQOO Teases Z11 Lite With AI Tools, Military-Grade Durability and a 6500mAh Battery

iQOO Teases Z11 Lite With AI Tools, Military-Grade Durability and a 6500mAh Battery

Editorji Launches Hook Global, Its International Digital News Brand

Editorji Launches Hook Global, Its International Digital News Brand

Samsung's Bespoke AI ACs Focus on Humidity, Hygiene and Smarter Cooling

Samsung's Bespoke AI ACs Focus on Humidity, Hygiene and Smarter Cooling

Samsung CEO Says Next Galaxy Foldables Will Be Thinner, Lighter and Smarter

Samsung CEO Says Next Galaxy Foldables Will Be Thinner, Lighter and Smarter

Dell Launches New Pro Precision AI Workstations In India, Introduces Deskside Agentic AI Platform

Dell Launches New Pro Precision AI Workstations In India, Introduces Deskside Agentic AI Platform

Japan PM Takaichi dissolves Parliament for snap election

Japanese Prime Minister Sanae Takaichi dissolved parliament and announced a snap election on February 8, seeking public support amid rising living costs and economic challenges.

Japan PM Takaichi dissolves Parliament for snap election

Japanese Prime Minister Sanae Takaichi dissolved parliament on Friday ahead of a snap election on February 8, counting on her cabinet's high poll numbers to steer her otherwise unpopular ruling party to victory.

The country's first woman premier had announced her intentions on Monday, seeking public backing for measures to shield households from rising living costs and increase spending on defence.

The speaker of parliament on Friday read out a letter, officially dissolving the lower house as lawmakers shouted the traditional rallying cry of "banzai".

The ruling coalition of Takaichi's Liberal Democratic Party (LDP) and the Japan Innovation Party (JIP) has only a slim majority in the powerful lower chamber.

Takaichi is hoping widespread support for her cabinet will help deliver her a stronger mandate even though the LDP itself is battling low approval ratings and a string of scandals.

"It's not clear if high public support for the Takaichi cabinet will actually lead to support of the LDP," Hidehiro Yamamoto, a politics professor at the University of Tsukuba, told AFP.

"What the public are concerned about is measures to address inflation," he said.

On Friday, closely watched government data showed the country's inflation rate slowed in December, largely thanks to government subsidies for electricity and gas.

The 2.4 percent year-on-year rise in consumer prices, which excludes volatile fresh food, compared to three percent in November -- a notable slowdown, although higher than the central bank's two percent target.

Public discontent over rising prices largely contributed to the downfall of Shigeru Ishiba, whom Takaichi succeeded in October.

While Japan was long haunted by deflation, it has more recently faced a surge in living costs and a chronically weak yen that has made imports more expensive.

Rice has become a symbol: its price more than doubled in mid-2025 compared to a year earlier, before easing in recent months.

The price of the grain rose more than 34 percent in December compared to last year, official data showed Friday.

Vowing to address the issue and shore up the world's fourth-largest economy, Takaichi's cabinet approved a record 122.3-trillion-yen ($770 billion) budget for the fiscal year from April 2026.

But rivals say dissolving the lower house risks delaying its passage through parliament, with Jun Azumi of the main opposition Constitutional Democratic Party (CDP) saying it would "sacrifice livelihoods".


- Tax relief -

If elected, Takaichi has pledged to cut a sales tax on food for a two-year period to "alleviate the burden" on people struggling with inflation.

Opposition parties are also calling for the tax relief.

But Takaichi's "proactive" fiscal spending risks inflating the country's already colossal debt, which is expected to exceed 230 percent of GDP in the fiscal year 2025-26. Takaichi says the policy is "responsible".

The prospect of tax cuts roiled the bond market this week, after it was already rattled by the massive stimulus plan and worried about fiscal slippage financed by debt.

Yields on Japanese government bonds have soared, signalling investor distrust.

The Bank of Japan (BOJ), which is responsible for price stability, left its key interest rate unchanged at 0.75 percent in a policy decision Friday after a two-day meeting.

It has raised its key interest rates several times since early 2024 to rein in inflation.

The BOJ predicted that consumer price inflation will fall below two percent year-on-year during the first half of 2026, noting the government's measures against inflation.


- Centrist alliance -

The LDP has governed Japan almost uninterrupted for decades, albeit with frequent leader changes.

The CDP has joined forces with another party, Komeito, hoping their new Centrist Reform Alliance can draw swing voters away from Takaichi.

Analysts say the election could be a close battle depending on the success of the alliance, but the opposition's chances of winning remain slim.

"The key could be the voting behaviour of young and middle-aged groups, as was the case in the upper house election" in July, Mizuho Research & Technologies said in a note.

The Takaichi government enjoys around 90 percent support among those under 30, according to a poll published at the end of December by the conservative Sankei Shimbun newspaper and Fuji Television.

ADVERTISEMENT

Up Next

Japan PM Takaichi dissolves Parliament for snap election

Japan PM Takaichi dissolves Parliament for snap election

Editorji Launches Hook Global, Its International Digital News Brand

Editorji Launches Hook Global, Its International Digital News Brand

Starmer resigns as UK PM, Burnham favourite to take over

Starmer resigns as UK PM, Burnham favourite to take over

G7 summit: PM Modi holds brief conversation with US President Trump

G7 summit: PM Modi holds brief conversation with US President Trump

Trump arrives at G7 summit looking for momentum after announcing a deal to end Iran war

Trump arrives at G7 summit looking for momentum after announcing a deal to end Iran war

India, Slovakia upgrade ties to comprehensive partnership; ink 11 pacts

India, Slovakia upgrade ties to comprehensive partnership; ink 11 pacts

ADVERTISEMENT

editorji-whatsApp

More videos

All 22 crew members evacuated after third vessel with Indians on board was attacked off Oman

All 22 crew members evacuated after third vessel with Indians on board was attacked off Oman

Trump threatens to take 'total control' of Iran's oil industry as ceasefire teeters

Trump threatens to take 'total control' of Iran's oil industry as ceasefire teeters

Iran halts Israel operation after first post-truce clash

Iran halts Israel operation after first post-truce clash

Major quake off Philippines kills at least 35, dozen still missing

Major quake off Philippines kills at least 35, dozen still missing

US proposes 12.5% tariffs on India, others on concerns over forced labour; India remains engaged in talks

US proposes 12.5% tariffs on India, others on concerns over forced labour; India remains engaged in talks

PM Modi calls for peaceful resolution of conflicts in West Asia and Ukraine

PM Modi calls for peaceful resolution of conflicts in West Asia and Ukraine

Trump arrives in China for superpower summit with Xi Jinping

Trump arrives in China for superpower summit with Xi Jinping

Trump orders US military to 'shoot and kill' Iranian small boats choking Strait of Hormuz

Trump orders US military to 'shoot and kill' Iranian small boats choking Strait of Hormuz

India is a great country: Trump after controversial social media repost

India is a great country: Trump after controversial social media repost

Trump says Iran violated truce as doubt surrounds peace talks

Trump says Iran violated truce as doubt surrounds peace talks

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.