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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
JAPAN
News outlets in Japan reporting that PM Fumio Kishida is considering a Cabinet reshuffle early in the new year in an effort to boost his flagging popularity. Japan Times reports that "Reconstruction minister Kenya Akiba, who has been grilled over political funds scandals by the opposition bloc, may be sacked by Kishida." The speculation comes despite Kishida stating in a press conference earlier in December that a reshuffle was not on the cards.
- The potential reshuffle comes as the gov't focuses on attempting to pass the FY2023 budget early in the year (given the large majority for Kishida's Liberal Democratic Party this should be a relatively simple task) and boost the LDP's performance in local elections scheduled for April.
- Kishida's approval ratings remain low amid a stagnant economy, ministerial scandals, and notable public unease surrounding links between senior LDP figures and the controversial Unification Church.
- Latest polling from Morning Consult shows Kishida's approval at just 22%, the second lowest of the 21 major global leaders polled (Norwegian PM Jonas Gahr Store scored worst at 20%).
Chart 1. Global Leader Approval Ratings, %
Source: Morning Consult. Fieldwork: 20 Dec
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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