Kishida on the ropes

PM Kishida's disapproval rating has reached levels that prompted his two predecessors to resign. While Kishida could call snap elections by early next year, LDP leadership elections looming for autumn 2023 mean that he probably won't be PM any longer by the end of next year. However, with the LDP still leading the polls by a huge margin, the government's grip on power looks secure and a change in leadership is unlikely to affect the economic outlook.