Kishidanomics market reforms earn high marks from Japan watchers

PM seen lagging on structural reforms and fiscal health as political pressure mounts

20240626N Kishida

Japanese Prime Minister Fumio Kishida's current term at the helm of the ruling Liberal Democratic Party ends in September. (Photo by Yutaka Miyaguchi)

Nikkei staff writers

TOKYO -- Despite mounting political pressure, Japanese Prime Minister Fumio Kishida's push to reform the financial market and end deflation continue to be rated positively by market watchers in the country, a Nikkei survey has found.

The Nikkei Stock Average is once again approaching the 40,000 mark after already setting records this year, buoyed by wage hikes, corporate governance reforms and other factors. Yet Kishida's approval rating has flagged over his handling of a sprawling political funds scandal, stoking speculation on if and when he might call a general election.

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