Reuters (February 9)
“Sanae Takaichi has curb-stomped the competition. Her Liberal Democratic Party took 316 out of 465 seats…delivering the arch-conservative prime minister her country’s first post-war single-party supermajority.” While “investors may hope the ruling party’s historic comeback relieves pressure to cooperate with a fiscally profligate opposition,” that is unlikely. Her desire to revive “the heavily indebted $4 trillion economy” and return to fiscal stimulus will prove costly. Her “desire for a regular army makes expensive militarisation look more certain.” All of these “stated ambitions” augur “more turmoil for markets.”
Tags: Army, Conservative, Curb-stomped, Economy, Expensive, Fiscal stimulus, Hope, Indebted, Investors, Japan, LDP, Militarisation, Prime minister, Supermajority, Takaichi, Turmoil
The Week (December 10)
“Fresh off her first solo state visit to Laos, Princess Aiko has become the face of a Japanese royal family facing 21st-century obsolescence.” Under current succession law, however, her male cousin Prince Hisahito of Akishino will succeed to the throne. The question is when Japan will be “ready for change.” As demonstrated by Japan’s election of “conservative Sanae Takaichi as its first woman prime minister in October,” public support exists “for the notion that Aiko, or ‘any other woman in the future,’ could be made royal successor, which has led to a grassroots effort to readdress the rules.”
Tags: 21st century, Aiko, Change, Grassroots, Hisahito, Japan, Laos, Obsolescence, Prime minister, Public support, Royal family, Succession, Takaichi, Throne
South China Morning Post (November 26)
“No winter lasts forever, but the deep chill in the Beijing-Tokyo relationship set off by Japanese Prime Minister Sanae Takaichi’s remarks on Taiwan could last a long time.” There is speculation “that Japan’s new prime minister could tighten her hold on power should relations between Beijing and Tokyo remain frosty, but there is one big wild card: “US President Donald Trump’s reluctance to show open support for Japan, America’s closest ally in the region.”
Tags: Ally, Beijing, Deep chill, Frosty, Japan, Power, Relationship, Reluctance, Speculation, Support, Taiwan, Takaichi, Tokyo, Trump, U.S.
Time (November 24)
Only half a month after Japanese Prime Minister Takaichi “met with Chinese President Xi Jinping in what both sides said affirmed bilateral ties,” a growing “rift” has emerged that “could cost both countries.” The pain is already being felt in Japan, where lost tourism during the remainder of the year could deal an economic blow of between $500 million and $1.2 billion, while China is likely to share in the pain if “the dispute drags out.”
Tags: $1.2 billion, Affirmed, Bilateral ties, China, Cost, Dispute, Economic blow, Pain, Rift, Takaichi, Tourism, Xi
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
