The China Mail - Japan PM calls snap election on Feb 8 to seek stronger mandate

USD -
AED 3.672502
AFN 63.000009
ALL 83.141978
AMD 376.485471
ANG 1.790083
AOA 917.000306
ARS 1367.970397
AUD 1.449517
AWG 1.8025
AZN 1.702553
BAM 1.694558
BBD 2.010968
BDT 122.511751
BGN 1.709309
BHD 0.376961
BIF 2965.773868
BMD 1
BND 1.283101
BOB 6.914956
BRL 5.238296
BSD 0.998423
BTN 94.09624
BWP 13.729041
BYN 2.998376
BYR 19600
BZD 2.008109
CAD 1.385315
CDF 2285.499399
CHF 0.79552
CLF 0.023512
CLP 928.390088
CNY 6.91145
CNH 6.917935
COP 3689.39
CRC 462.899991
CUC 1
CUP 26.5
CVE 95.540739
CZK 21.243019
DJF 177.799726
DKK 6.47508
DOP 60.195193
DZD 133.003458
EGP 52.703605
ERN 15
ETB 154.307745
EUR 0.866497
FJD 2.257398
FKP 0.747836
GBP 0.749555
GEL 2.695018
GGP 0.747836
GHS 10.916401
GIP 0.747836
GMD 73.498164
GNF 8752.907745
GTQ 7.638886
GYD 208.893799
HKD 7.83172
HNL 26.511932
HRK 6.5274
HTG 130.753836
HUF 336.303501
IDR 16957
ILS 3.13435
IMP 0.747836
INR 94.66895
IQD 1307.999879
IRR 1313299.999953
ISK 124.259686
JEP 0.747836
JMD 156.917785
JOD 0.708973
JPY 159.620503
KES 129.793234
KGS 87.449786
KHR 3998.336553
KMF 426.999923
KPW 900.057798
KRW 1507.810387
KWD 0.30735
KYD 0.832088
KZT 480.998402
LAK 21565.798992
LBP 89410.383591
LKR 314.008846
LRD 183.234482
LSL 17.08101
LTL 2.95274
LVL 0.60489
LYD 6.375734
MAD 9.322411
MDL 17.537157
MGA 4161.215702
MKD 53.396229
MMK 2099.983779
MNT 3583.827699
MOP 8.045798
MRU 39.8269
MUR 46.769823
MVR 15.459574
MWK 1731.28406
MXN 17.91295
MYR 4.0085
MZN 63.909655
NAD 17.080862
NGN 1384.170207
NIO 36.742473
NOK 9.67666
NPR 150.534765
NZD 1.733055
OMR 0.384492
PAB 0.998471
PEN 3.455542
PGK 4.314509
PHP 60.34199
PKR 278.731944
PLN 3.706915
PYG 6536.015664
QAR 3.640948
RON 4.416029
RSD 101.780978
RUB 81.376427
RWF 1458.028296
SAR 3.751727
SBD 8.041975
SCR 13.46748
SDG 601.000211
SEK 9.428015
SGD 1.28554
SHP 0.750259
SLE 24.55044
SLL 20969.510825
SOS 570.594376
SRD 37.561983
STD 20697.981008
STN 21.225996
SVC 8.73675
SYP 111.44287
SZL 17.078983
THB 32.869768
TJS 9.556146
TMT 3.51
TND 2.938146
TOP 2.40776
TRY 44.45798
TTD 6.776842
TWD 31.939495
TZS 2578.986938
UAH 43.811372
UGX 3714.470144
UYU 40.481936
UZS 12161.933849
VES 466.018145
VND 26338.5
VUV 119.023334
WST 2.74953
XAF 568.30701
XAG 0.014355
XAU 0.000224
XCD 2.70255
XCG 1.799507
XDR 0.706792
XOF 568.311934
XPF 103.329218
YER 238.649751
ZAR 17.08125
ZMK 9001.201522
ZMW 18.745993
ZWL 321.999592
  • CMSC

    -0.0900

    22.82

    -0.39%

  • BCC

    -0.3600

    74.29

    -0.48%

  • RBGPF

    -13.5000

    69

    -19.57%

  • BCE

    -0.0200

    25.47

    -0.08%

  • GSK

    -0.7600

    53.94

    -1.41%

  • RIO

    -1.7500

    85.79

    -2.04%

  • AZN

    -3.7400

    183.4

    -2.04%

  • NGG

    -1.8900

    82.4

    -2.29%

  • BTI

    -0.1900

    58.26

    -0.33%

  • BP

    0.7600

    46.17

    +1.65%

  • JRI

    -0.0300

    12.07

    -0.25%

  • RYCEF

    -0.8200

    15.24

    -5.38%

  • CMSD

    0.0700

    22.75

    +0.31%

  • RELX

    -0.4000

    32.07

    -1.25%

  • VOD

    -0.0900

    14.63

    -0.62%

Japan PM calls snap election on Feb 8 to seek stronger mandate
Japan PM calls snap election on Feb 8 to seek stronger mandate / Photo: © POOL/AFP

Japan PM calls snap election on Feb 8 to seek stronger mandate

Japanese Prime Minister Sanae Takaichi said Monday she would dissolve parliament this week ahead of a snap election on February 8, hoping for a stronger mandate to push through her ambitious policy agenda.

Text size:

The country's first woman leader is banking on her high poll numbers to lead the unpopular ruling Liberal Democratic Party (LDP) to victory.

"Is Sanae Takaichi fit to be Prime Minister? I wanted to ask the sovereign people to decide," she told a news conference.

"Following the dissolution of the lower house on January 23, the schedule will be set for campaigning to start on January 27 and voting and counting held on February 8."

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

Takaichi was appointed premier in October, and her cabinet is riding high in the polls despite her party's flagging popularity.

The ruling bloc -- which includes coalition partner Japan Innovation Party (JIP) -- has only a slim majority in the powerful lower house of parliament.

This could hamper the passage of her policy agenda, including "proactive" fiscal spending and boosting the defence budget.

"If the LDP can get a majority by itself in the lower house, that'll help her pursue policies" without concessions to other parties, said Sadafumi Kawato, professor emeritus at the University of Tokyo.

Takaichi's cabinet approved a record 122.3-trillion-yen ($768 billion) budget for the fiscal year from April 2026, and she has vowed to get parliamentary approval as soon as possible to address inflation and shore up the world's fourth-largest economy.

But opposition parties say Takaichi's plan to dissolve the lower house risks delaying its passage, with Jun Azumi of the main opposition Constitutional Democratic Party of Japan (CDP) saying it would "sacrifice livelihoods".

Masaaki Tokuno, a 64-year-old bicycle lot manager, told AFP that "carrying out policies to tackle inflation should be first, before holding the election".

The LDP is weighing campaigning on a possible cut to tax on food, media reports said, to ease the pain of soaring costs at the grocery store.

- China spat -

A snap election may also help Takaichi break the deadlock in a spat with China, increasing her leverage by showing she has strong support at home, analysts said.

Ties between Tokyo and Beijing have deteriorated since Takaichi suggested in November that Japan could intervene militarily if China ever launched an attack on Taiwan, the self-ruled island it claims.

However, Mikitaka Masuyama, dean of the National Graduate Institute for Policy Studies, warned that if she wins, China could further intensify pressure on Takaichi.

Beijing may want to send voters "the message that supporting a hawkish leader could lead to pain" through more trade controls or other means.

China recently announced a broad ban on exports to Japan of "dual-use" goods with potential military applications and has reportedly been choking off exports of rare-earth products crucial for making everything from electric cars to missiles.

According to a poll by the Asahi newspaper, 60 percent of people surveyed said they were worried about the impact of a worsening Japan-China relationship on the economy.

Under Takaichi's predecessor, Shigeru Ishiba, the LDP and its former long-term coalition partner Komeito lost its majority in both chambers in the past two national elections -- most recently in the July upper house election.

The July election led Ishiba to step down, while smaller parties gained support -- including the populist Sanseito, which called immigration a "silent invasion" despite foreign-born residents making up just three percent of the population.

Komeito and the leading CDP have agreed to join forces to fight Takaichi, hoping their alliance can draw swing voters.

A.Sun--ThChM