Takaichi to become Japan's first female PM after coalition deal
What's the story
Sanae Takaichi, the hardline conservative leader of the Liberal Democratic Party (LDP), is poised to become Japan's first female prime minister. The development comes after her party signed a coalition agreement with the right-wing Japan Innovation Party (Ishin). Ishin's co-leader, Hirofumi Yoshimura, announced his party's support for Takaichi's premiership during a press conference on Monday evening.
Political support
Coalition deal secures majority for Takaichi
The coalition deal between LDP and Ishin secures a total of 231 seats in the lower house of parliament, just two short of a majority. However, this is enough to ensure Takaichi's likely victory in Tuesday's parliamentary vote to elect Japan's next prime minister. Yoshimura said he told Takaichi that they should move forward together, confirming his party's backing for her leadership.
Political shift
End of LDP-Komeito coalition marks new beginning for Takaichi
Takaichi's ascension comes after the LDP-Komeito coalition ended its 26-year partnership. The Buddhist-backed Komeito party had withdrawn support over concerns about funding rules and Takaichi's ultraconservative stance, especially on China. This political crisis was a major hurdle for Takaichi's leadership ambitions but has now been resolved with Ishin's support.
Economic outlook
Economic agenda to take center stage under Takaichi
Takaichi, who advocates for higher spending and tax cuts to combat inflation, is expected to push her economic agenda with Ishin's support. However, analysts suggest Ishin's small government stance may temper some of her spending ambitions. The coalition deal has already impacted financial markets positively, with investors betting on higher government spending under Takaichi's leadership.
Policy position
What to expect from Japan's 1st female PM?
Takaichi's conservative views extend to social policies too. She opposes allowing women to keep their surnames after marriage, arguing it undermines traditional values. Her plans also include amending Japan's pacifist postwar constitution and increasing defense spending amid tensions with China. However, she has softened her rhetoric on China recently.