"Japan's PM Kishida Takes Drastic Measures to Salvage Premiership Amidst Scandal"
Japanese Prime Minister Fumio Kishida has replaced four cabinet ministers, including the chief cabinet secretary and industry minister, in an attempt to contain the fallout from a major financial scandal. The scandal involves missing funds and has led to a decline in public support for Kishida's ruling party. Despite the cabinet shake-up, polls indicate that public support for Kishida remains low. The scandal could also impact the Bank of Japan's plans for an exit from ultra-low interest rates, as influential members of the ruling party's faction favoring monetary stimulus may be sidelined.