Takaichi Loses in a Battle over Budget Bill
Political confrontation between Prime Minister Sanae Takaichi and the opposition parties over FY2026 budget bill in the Upper House resulted in concessive retreat of Takaichi. Her government announced that it would submit a provisional budget bill to the Diet, being afraid of its failure in passing the FY2026 budget bill within this month. It would be the first setback for Takaichi, who maintains high approval rate, after sweeping victory of her Liberal Democratic Party (LDP) in Lower House election in February 8 th . Minister of Finance, Satsuki Katayama, announced on March 24 th that her ministry would form a provisional budget “preparing for an unpredictable event.” The leaders of LDP in the Upper House visited the Prime Minister’s Official Residence and noticed Chief Cabinet Secretary, Minoru Kihara, that they would be unable to pass the FY2026 budget bill by the end of March. Takaichi has been insisting that the bill should pass the Diet by the end o...