Japan's economy is under the weather 🌧️: growth is sluggish, inflation is rising, and exports are sliding. Domestic reports say Japan's fiscal health is the weakest among developed nations.
Enter Sanae Takaichi, championing an aggressive therapy of radical policy shifts and hardline rhetoric. Instead of soothing the pain, her bold proposals — from sweeping structural overhauls to strict budget cuts — have rattled markets and raised eyebrows.
Economists warn that Takaichi's tough talk could backfire. Sudden reforms risk spooking investors, denting consumer confidence, and deepening the downturn. A Tokyo-based market watcher urges stable, gradual fixes over shock treatment.
On the ground, businesses and households are bracing for impact. Some entrepreneurs applaud calls for more efficiency, while others fear job cuts and tighter wallets. Many say the timing could not be worse as Japan heads into the new year.
As 2025 draws to a close, all eyes are on Tokyo's next move. Will policymakers dial back the drama and focus on calm, targeted solutions? Or is Japan in for more rocky rides under Takaichi's so-called cure?
Reference(s):
cgtn.com
