Kishida’s Unfinished Business: Political Economy of Wage Increases in Japan

Japan Announces Economic Stimulus to Combat Cost of Living Crisis

Japanese media recently reported that Prime Minister Kishida Fumio’s approval rating stands at 26 percent, up just slightly from the 23 percent recorded in December 2023. The two figures are the lowest approval ratings for Kishida since the establishment of his Cabinet in October 2021. In the midst of political fundraising scandals, Kishida is attempting … Read more

Is Prime Minister Kishida Leading Japan by Default?

Can Kishida Turn the LDP Into a Friend of Labor?

Japanese Prime Minister Kishida Fumio’s plummeting popularity is raising serious questions about his future prospects. While successfully steering Japan on a course toward major military power status and global diplomatic prominence, his domestic political fortunes have never been more in doubt. A stark contrast is becoming apparent between Kishida’s successes in the conduct of Japan’s … Read more

Japan Announces Economic Stimulus to Combat Cost of Living Crisis

Japan Announces Economic Stimulus to Combat Cost of Living Crisis

Advertisement Prime Minister Kishida Fumio has made fresh commitments to combat rising energy and food prices. At a press conference last month in New York, Kishida said Japan’s economy was at a critical point “as to whether it can enter a new economic phase.”   Last week Kishida instructed his Cabinet ministers to formulate economic measures … Read more

In Japan, an Uphill Climb for PM Kishida’s ‘New Capitalism’

In Japan, an Uphill Climb for PM Kishida’s ‘New Capitalism’

Advertisement Prime Minister Kishida Fumio’s new capitalism seeks to supplant the long-standing neoliberal policies that have dominated Japan since the 1980s, including the country’s more recent shift to “shareholder capitalism.” Instead, the Kishida administration is pursuing a more inclusive  “stakeholder capitalism” and aims to stimulate a “virtuous cycle of growth and distribution” to increase wages … Read more