Japanese unimpressed with stimulus steps, Kishida's ratings hit low - poll

SECTIONS

ReutersLast Updated: Nov 05, 2023, 04:20 PM IST

Font Size

Save

Comment

Synopsis

Japanese are unimpressed with stimulus steps, Kishida's ratings hit low - poll. The telephone survey found 62.5% of respondents did not highly rate the 17 trillion yen ($110 billion) package, announced Thursday, of tax cuts and other measures.

Japan's prime minister tours Philippine patrol ship and boosts alliances amid maritime tensions — Japan's Prime Minister Fumio Kishida

Nearly two-thirds of Japanese are not impressed with the government's new economic stimulus measures as support for Prime Minister Fumio Kishida slipped to its lowest yet, a Kyodo news poll found on Sunday.

The telephone survey found 62.5% of respondents did not highly rate the 17 trillion yen ($110 billion) package, announced Thursday, of tax cuts and other measures.

Support for Kishida's cabinet fell 4.0 percentage points from three weeks earlier to 28.3%, its lowest in the Kyodo survey since he took office in October 2021, and in line with other recent surveys. His disapproval rating rose 4.2 points to 56.7% in the survey conducted from Friday to Sunday.

It was the first time in the Kyodo poll that approval for a Liberal Democratic Party-led government has fallen below 30% since 2009.

Kishida's measures, aimed at cushioning the economic blow from rising inflation, including cutting annual income and other taxes by 40,000 yen ($270) per person and paying 70,000 yen to low-income households.

Experience Your Economic Times Newspaper, The Digital Way!

Sunday, 05 Nov, 2023

Read Complete ePaper »

Saab Bags India’s First 100% FDI in Defence Project
India has cleared the first 100% foreign direct investment (FDI) in the defence sector, with permissions granted to Sweden’s Saab to set up a new facility that will manufacture rockets.
Steady Loan Demand, Fall in Provisions Lift SBI Profit 8%
State Bank of India (SBI), the country’s largest lender by loans outstanding, met D-Street expectations to report an 8% increase in the second-quarter net profit on steady credit demand and lower provisions as the nation’s most-valued government entity wrote back some accounts where recovery was delayed. The lender expects robust loan growth, underpinned by broad-based economic expansion.
Byju’s Posts ₹3,569 cr Core Business Revenue, Ebitda Loss of ₹2,253 cr
Troubled edtech major Byju’s on Saturday reported its delayed audited financial accounting for the year ended March 2022 — in parts — showing a 2.3 times growth in revenue to ₹3,569 crore in its standalone business. Ebitda loss of the core business — financials for which were reported — was down to ₹2,253 crore in FY22, from ₹2,406 crore in the previous year, according to a company statement.