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Reuters
Reuters
Business
By Leika Kihara and Daniel Leussink

Analysis-Inflation, not deflation, is now Japan's political hot potato as election looms

FILE PHOTO: People make their way at Ameyoko shopping district in Tokyo, Japan, May 20, 2022. REUTERS/Kim Kyung-Hoon

The rising cost of living is turning into a thorny political issue ahead of Japan's upper house election this weekend, as opposition parties peg blame for recent price hikes on Prime Minister Fumio Kishida's policies.

While Kishida's ruling coalition is set to win a majority, public discontent over inflation may undermine efforts to strengthen his grip on power and phase out the legacy of his predecessors' economic policies.

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