Resident Fellow Sota Kato notes that the greatest strength of the Takaichi administration, which has a weak intra-LDP base, is her approval rating, and points out that Takaichi's bold, expansionary fiscal policies are causing significant market volatility and that if inflation accelerates sharply, interest rates spike, or the yen depreciates rapidly, it will hit the economy and drag down her approval ratings.

"Japan PM projects stability with Cabinet reshuffle but remains ‘on thin ice’: Experts" The Straits Times
https://www.straitstimes.com/asia/east-asia/japan-pm-projects-stability-with-cabinet-reshuffle-but-remains-on-thin-ice-experts

Profile of Resident Fellow Sota Kato
https://www.tkfd.or.jp/en/experts/detail.php?id=29