Victory in the Upper House election last month seemingly paved the way for Prime Minister Fumio Kishida to buckle down on his economic agenda — namely his “new form of capitalism” — as there is no national election scheduled for nearly three years.
For that reason, people were paying close attention to Wednesday’s Cabinet reshuffle, with the reorganization set to indicate where his economic policy is headed.
Yet looking at the new lineup, some economists view the reshuffle as being driven by political considerations rather than economic goals.