Japan PM Ishiba Plans Strong Measures Against Inflation Ahead of Election

Japanese Prime Minister Shigeru Ishiba announced plans to implement strong measures to combat rising prices, as revealed in a meeting with Komeito party leader Tetsuo Saito. This initiative comes amid increasing public discontent and plummeting approval ratings for Ishiba's cabinet, exacerbated by his controversial distribution of gift vouchers to new lawmakers. The measures are expected to be introduced following the approval of the fiscal 2025 budget by parliament, with a focus on easing the impact of inflation on consumers. Japan has been experiencing significant inflation, with rates reaching 3.6% in December 2024, prompting the Bank of Japan to raise interest rates. Ishiba also expressed concerns regarding proposals to toughen regulations on corporate donations. The government's response is seen as crucial ahead of the upcoming House of Councillors election.