Reuters (October 22)
“Sanae Takaichi wants to spend a lot of money on Japan, but she also needs to sort out some hefty financial obligations to the United States.” She is coming under immediate “pressure to secure backing for $550 billion her predecessor Shigeru Ishiba pledged to invest in U.S. projects as part of his tariff deal with the White House.” Given the new Prime Minister’s “desire to use fiscal spending to boost growth, she’s likely to lean on” private, rather than public, funding “to avoid immediate budgetary constraints.”
Tags: $550 billion, Financial obligations, Fiscal spending, Funding, Growth, Invest, Ishiba, Japan, Money, Pressure, Prime minister, Private, Public, Takaichi, Tariff deal, U.S.
Reuters (October 6)
Though “Sanae Takaichi likens herself to fiscal disciplinarian Margaret Thatcher,” she’s “no Iron Lady.” Takaichi “wants to up spending. Nor is she an unalloyed heir to mentor Shinzo Abe. Rather, her priorities portend either political discord or a sharp swerve that shatters economic consensus and pummels the yen.”
Tags: Abe, Economic consensus, Fiscal discipline, Heir, Iron Lady, Mentor, Political discord, Priorities, Shatters, Spending, Swerve, Takaichi, Thatcher, Yen
