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Takaichi’s Approval Dips, Food Levy Cut Accelerated

7/29/2026

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Story summary
  • Prime Minister Sanae Takaichi’s July approval rating fell to its lowest level since she took office last year.
  • Takaichi announced a two-year acceleration of the 8% food levy cut, despite worries it could lift JGB yields.
  • Finance Minister Satsuki Katayama said the government will not cap annual debt issuance, aiming to keep borrowing within a range investors deem reasonable.