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Japanese PM’s Approval Drops to 57% After Rate Hike

7/27/2026

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Story summary
  • Approval rating dropped to 57% in a July 24-26 poll, lowest since she took office in 2025.
  • Disapproval rose to 34% from 21% in June while criticism of her cost-of-living plan reached 71%.
  • Fiscal and monetary policies lifted bond yields, weakened the yen and led the Bank of Japan to raise rates to 1% in June.
  • Daiwa Securities economist Kenji Yamamoto said her capital is waning before an August-September cabinet reshuffle.