Japan's PM Sanae Takaichi Calls Snap Election After 3 Months in Power
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CNBC TV18•23-01-2026, 10:45
Japan's PM Sanae Takaichi Calls Snap Election After 3 Months in Power
- •Japan's Prime Minister Sanae Takaichi dissolved the lower house of Parliament, setting a snap election for Feb. 8.
- •The move aims to leverage her popularity and help the governing party recover from recent losses, despite delaying a crucial budget vote.
- •Takaichi, Japan's first female leader elected in October, proposed a two-year halt to the 8% consumption tax on food.
- •Her spending plans, estimated to reduce revenue by 5 trillion yen annually, caused Japan's 10-year bond yield to hit a 27-year high.
- •The election will test public support for increased spending amidst rising living costs, the top concern for 45% of polled citizens.
Why It Matters: PM Sanae Takaichi calls snap elections to capitalize on popularity and strengthen her party's position.
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