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Gov't Approval Ratings Strong As PM Raises Prospect Of Def. Spending Hike

JAPAN

Approval ratings for Japanese PM Fumio Kishida and his Cabinet remain strong as the gov't raises the prospect of Japan significantly boosting its military spending to deal with an increasingly polarised geopolitical landscape globally and in Asia.

  • Approval ratings are often used as a proxy in Japanese politics for the ability of a gov't to enact its policy agenda. Kishida's strong approval, combined with rising public support for greater military spending could make plans to raise Japan's defence spending to 2% of GDP (equivalent to NATO targets) from 1.24% at present an easier prospect over the long term.
  • Kyodo News poll: Approval for Prime Minister Kishida (LDP, Conservative) Cabinet Approve: 61.5% (+2.8) Disapprove: 21.8% (-1.3) +/- vs. 16-17 April 2022 Fieldwork: 21-22 May 2022 Sample size: 1,048
  • Jiji Press poll: Approval for Prime Minister Kishida (LDP, Conservative) Cabinet Approve: 50.8% (-1.8) Disapprove: 19.2% (-1.0) +/- vs. 8-11 April 2022 Fieldwork: 13-16 May 2022 Sample size: 1,254
  • SSRC poll for Mainichi: Approval for Prime Minister Kishida (LDP, Conservative) Cabinet Approve: 53% (+3) Disapprove: 37% (+3) +/- vs. 23 April 2022 Fieldwork: 21 May 2022 Sample size: 1,041
  • ANN poll: Approval for Prime Minister Kishida (LDP, Conservative) Cabinet Approve: 51.0% (-0.9) Disapprove: 22.0% (+0.3) +/- vs. 16-17 April 2022 Fieldwork: 21-22 May 2022 Sample size: 1,035
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Homepagemarkets-real-timePolitical Market NewsPolitical RiskBank of Japan (BOJ) Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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