Sanae Takaichi, a staunch conservative, made history on Tuesday by becoming Japan’s first female prime minister, breaking through traditional gender barriers and signaling a potential shift towards a more right-wing agenda. An ally of former Prime Minister Shinzo Abe and an admirer of Margaret Thatcher, she secured 237 votes in the lower house election out of 465 seats.
European Commission President Ursula von der Leyen congratulated Takaichi on her milestone achievement, expressing eagerness to enhance the EU-Japan partnership. Prime Minister Mark Carney also extended his congratulations and appreciation to outgoing Prime Minister Shigeru Ishiba for his service.
Takaichi’s victory as the 104th Japanese prime minister represents a significant moment in a nation where male dominance has prevailed. Her win was made possible through a coalition between her Liberal Democratic Party (LDP) and the right-wing Japan Innovation Party, Ishin, although they are two seats short of a majority in the parliament’s lower house.
Amid public discontent over rising prices following years of deflation, Takaichi is expected to prioritize economic revitalization through government spending, reminiscent of Abe’s approach. This strategy, dubbed the “Takaichi trade,” has propelled the stock market to new highs but raised concerns about Japan’s already substantial debt burden.
To govern effectively, Takaichi will need the support of additional opposition lawmakers, as highlighted by political expert Tadashi Mori. Reviving Abenomics may face challenges in the current inflationary environment, potentially impacting the yen’s strength.
Emphasizing defense and national security, Takaichi aims to boost Japan’s military capabilities and strengthen partnerships with allies like the United States. She holds traditional views on social issues, opposing same-sex marriage and advocating for a revision of Japan’s pacifist constitution.
In her cabinet appointments, Takaichi named two women: Satsuki Katayama as the first female finance minister and Kimi Onoda as economic security minister. Katayama, a former Finance Ministry official, is known for her expertise in fiscal matters and currency diplomacy, contrasting with her predecessor’s more reserved approach.
Shinjiro Koizumi will serve as Japan’s defense minister, and Toshimitsu Motegi will take on the role of foreign minister in Takaichi’s administration, as she aims to increase gender diversity in key government positions.
