Political uncertainty after Japan's election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan's exit from its outlier monetary policy, economists said. Businesses and economists worry that as concessions to other parties, Ishiba, 67, will offer tax cuts and higher spending, and go slow on reforms needed to improve Japan's competitiveness.

Political uncertainty after Japan's election shock risks slowing economic reforms, pushing up government spending and even holding up the Bank of Japan's exit from its outlier monetary policy, economists said. Businesses and economists worry that as concessions to other parties, Ishiba, 67, will offer tax cuts and higher spending, and go slow on reforms needed to improve Japan's competitiveness.

TOKYO: Support has sunk further for Japan's embattled ruling coalition, a new poll showed on Wednesday (Oct 30), after Prime Minister Shigeru Ishiba's party suffered its worst election result in 15 years. Backing for the government nosedived to 34 per cent, while its disapproval rating came to 51 per

The Liberal Democratic Party - led by Prime Minister Shigeru Ishiba - has been punished after anger at the state of the economy and the ruling party's handling of a corruption scandal.