Japan elects its 1st female prime minister
Digest more
Japanese stocks have room to run after the “Takaichi trade” helped drive them to a record peak, according to UBS Global Wealth Management. “Japanese equities rallied to an all-time record high on Tuesday,
The Innovation Party’s backing looks set to make Sanae Takaichi Japan’s first female PM, but analysts don’t expect their alliance to last.
Japan's new prime minister, Sanae Takaichi, said on Tuesday she hoped the central bank would conduct monetary policy to sustainably achieve 2% inflation driven not just by rising raw material costs but also by wage gains.
Japan’s ruling Liberal Democratic Party (LDP) and the major opposition Japan Innovation Party (JIP) signed a coalition agreement on Monday, with LDP head Sanae Takaichi almost certain to become Japan’s first woman prime minister the following day, Kyodo News Agency reported.