Japanese Businesses Are Calling for a Change in Tokyo’s Leadership
In a surprisingly candid twist, the latest survey from Reuters shows that most Japanese firms are urging Prime Minister Yoshihide Suga to step aside by the upcoming general elections, citing his shaky handling of the coronavirus crisis and its ripple effects on the economy.
Why the Frown?
- COVID‑19 response felt rushed and uneven, according to many company executives.
- The recent Olympics, meant to light a spark of national pride, didn’t prevent businesses from dropping below the critical 30% support line in domestic polls.
- Even if the ruling coalition lands the majority again, analysts warn that losing too many seats could trigger calls for a leadership overhaul.
One manager from an information services firm bluntly wrote, “I don’t expect the opposition to win, but the Suga administration definitely needs a makeover.”
Mixed Feelings About the LDP
A chemicals company manager echoed some optimism, suggesting the Liberal Democratic Party (LDP) may be “a better choice” when it comes to tackling COVID‑19 and crafting quality policies. Yet he also cautioned, “That doesn’t mean the ruling bloc should claim more seats; I’d rather see them trim down to a slim majority so they remember why speed matters.”
What the Survey Reveals
The poll highlights that while a hand‑shake with change is unlikely—given the weak opposition—companies are still predicting a loss of seats for the ruling vote bloc.
In short, the corporate community in Japan is weary of the current execution at the helm and is looking for fresh leadership that can navigate the post‑pandemic terrain with poise and confidence.
Worth hosting the Games
Tokyo 2020 Olympics: A Big Corporate Take
In a surprisingly upbeat answer, a survey of 503 large and midsize non‑financial companies revealed that most businesses felt the Olympic blitz was a worthwhile investment for Japan’s future—despite the usual scepticism that had loomed louder before the Games.
Business Pulse
- Half the firms answered the survey — a solid snapshot of the corporate mindset.
- 90 % said the Olympics had no real impact on their bottom line.
- A ceramics boss summed it up: “It was worth it for future investment and for showing Japan’s charm in a flexible, globally‑friendly way. The temporary loss of inbound fans doesn’t outweigh Japan’s proven Olympic support.”
Politics in the Arena
When it comes to the line‑up of leaders, businesses felt the lower house’s stability mattered.
- Two‑fifths hoped the ruling LDP plus Komeito would keep or expand their comfortable majority.
- Contrastingly, a third predicted the coalition would lose seats—sentiment that shows a growing doubt in Mr. Suga’s leadership.
- Another 25 % suspected the coalition would slip below a clear majority, struggling to keep power. With the lower chamber holding 465 seats, the ruling parties currently own 305.
Who’s Next for Prime Minister?
When asked who should step up after Suga, the crowd leaned toward the outspoken Taro Kono: 39 % picked him, followed by former Defence Chief Shigeru Ishiba and ex‑Foreign Minister Fumio Kishida.
Policy to Drive the Future
When pinpointing what the next government should tackle, economic stimulus and COVID‑19 response topped the list.
