Japan Election: Rising Costs Dominate as Voters Seek Relief Amid Stagnant Wages

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News18•08-02-2026, 03:15
Japan Election: Rising Costs Dominate as Voters Seek Relief Amid Stagnant Wages
- •Rising living costs and stagnant wages are the primary concerns for Japanese voters ahead of Sunday's general election.
- •Inflation-adjusted wages fell for the 11th consecutive month, with food prices, especially rice, surging significantly.
- •PM Sanae Takaichi's LDP coalition faces the Centrist Reform Alliance, with Takaichi promising to suspend consumption tax on food for two years.
- •Takaichi's economic proposals, including a large stimulus package, raise concerns about fiscal sustainability given Japan's high debt-to-GDP ratio.
- •Opinion polls project a decisive victory for the ruling LDP coalition, despite voter frustration and criticism over the snap election.
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