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Reading: Japan PM Takaichi calls Feb 8 election
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Stock Market

Japan PM Takaichi calls Feb 8 election

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Last updated: January 19, 2026 10:24 am
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Published: January 19, 2026
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Japan PM Takaichi calls Feb 8 election


Japan’s Prime Minister Sanae Takaichi speaks to the media after a phone name with U.S. President Donald Trump, at her official residence in Tokyo, Japan, November 25, 2025.

Issei Kato | Reuters

Japan’s Prime Minister Sanae Takaichi mentioned she’s going to name a nationwide election for February 8 to hunt voter backing for elevated spending, tax cuts and a brand new safety technique anticipated to speed up Japan’s defence build-up.

“I’m staking my very own political future as prime minister on this election. I need the general public to evaluate straight whether or not they’ll entrust me with the administration of the nation,” Takaichi mentioned in a press convention.

She promised a two-year halt to an 8% consumption tax on meals and mentioned her spending plans would create jobs, enhance family spending and improve different tax revenues.

The prospect of consumption tax reduce, which would cut back authorities income by 5 trillion yen ($32 billion) a yr, based on authorities estimates, despatched the yield on Japan’s 10-year authorities bonds to a 27-year excessive earlier on Monday.

The snap vote will determine all 465 seats in parliament’s decrease home and mark Takaichi’s first electoral take a look at since turning into Japan’s first feminine premier in October.

Calling an early election would enable her to capitalise on sturdy public help to tighten her grip on the ruling Liberal Democratic Celebration and shore up her coalition’s fragile majority.

The election will take a look at voter urge for food for larger spending at a time when the rising price of residing is the general public’s high concern. A ballot launched by public broadcaster NHK final week discovered 45% of respondents cited costs as their essential fear, adopted by diplomacy and nationwide safety at 16%.

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