08/02/2026
My take on the 2026 Japanese Election.
Japan has had 5 elections in 5 years. Let that sink… in both Upper & Lower houses (Westminster System) which essentially becomes a popularity contest rather than a testing of any serious political agendas.
Only in 1993-1994, 2009-2012 when a coalition of opposition parties ruled the country, so essentially for 70 years the country has been run entirely by fiscal conservatives.
So where has that led the country?🤔
Sounds good, right or incredibly wrong?
A democracy requires a strong opposition to review & engage and hold the government to account.
This has only happened TWICE in the last 70 years.
Think of what our country would be like if the current LNP ran the country for that long? 😦
Wages have not risen for…….30 years.
Average annual income is equivalent to AUD$61,186 (😬)
Imagine being a salaried employee who has received the same salary their entire working life.
For a country run exclusively by Conservatives, its National Debt is twice the size of its economy, so exceeding 230% of GDP.
¥1.3 Trillion Yen
PM Takeuchi wants to suspend their version of our GST costing ¥4.5 trillion yen, a spending spree on investment in AI (😬) and semi conductors, wage & babysitting support, plus a drastic rise in Defence spending.
Also a set of xenophobic foreign ownership plus a single entry fee for tourists to ¥15,000 ($150) Apparently the country will need at least 500,000 per year by 2040 to ‘stabilise’ its workforce.
No solutions for an ageing population (29% over 65) or the predicted 25 million loss by 2050, the grim shrinking rural population, fertility rates at 1.25
Japan is not back or great again…
Despite what the Algorithms will be telling you over the next month, it’s a country sadly in decline and searching for a type of Utopian idyl which won’t be happening soon.
So, tourist, start booking your holidays while the AUD is high as the clouds of nativism & insularity hit home.