Japanese Prime Minister Sanae Takaichi is weighing the option of calling a snap parliamentary election in February 2024, reports the Yomiuri newspaper. If this move goes ahead, it marks an important step for Takaichi, Japan’s first female prime minister, as she aims to leverage her strong approval ratings since taking office in October 2023.
Possible Election Dates
According to government sources, Takaichi is looking at February 8 or 15 for the election, as she seeks to solidify her position. This anticipated election comes as her coalition, which includes the right-wing Ishin Party, is currently a few seats short of a majority in the lower house.
Political Context
- Takaichi has maintained a tough stance against China, appealing to right-wing voters.
- However, this position has ignited a significant diplomatic dispute with Beijing.
- In November, she suggested that a Chinese attack on Taiwan could pose an existential threat to Japan, leading to increased tensions.
China’s response has included travel warnings for its citizens, cancellation of events, and bans on certain exports to Japan. Such actions showcase the escalating conflict between the two nations.
Economic Implications
Takaichi’s government is focusing on implementing a hefty spending proposal valued at $783 billion (approximately S$1 trillion), aimed at reviving the economy amidst rising inflation. Critics, however, caution that pressing for an election could delay the approval of necessary budgets, affecting vital economic measures.
Tetsuo Saito, leader of the opposition Komeito party, voiced concerns that holding an election in February would complicate budget processes critical for the fiscal year-end. He described the situation as critical for Japan’s economy.
Coalition Politics and Future Prospects
Despite the challenges, a successful outcome in a snap election could bolster Takaichi’s influence, especially as her party’s coalition is confronted with a minority in the upper house. Analysts suggest that Takaichi’s decision on whether to go ahead with the election will be pivotal for her political future and Japan’s governance.
Political analysts view the preparation by the Internal Affairs Ministry for possible early elections as a strong indicator that Takaichi is moving forward with her plans.