Japan’s ‘Iron Lady’ Takaichi forges historic election win
Summary
Japanese Prime Minister Sanae Takaichi led her coalition to a historic election victory securing a supermajority, enabling tax cuts and increased military spending to counter China.
Key Points
- Japanese Prime Minister Sanae Takaichi's coalition won a historic supermajority in the lower house with 352 seats including her party and coalition partner.
- Takaichi plans to implement promised tax cuts, including suspending an 8% sales tax on food, despite financial market concerns about funding.
- Her strong nationalistic and security stance has strained relations with China, including a recent dispute over Taiwan.
- Takaichi's victory is seen as a restoration of political stability and a potential acceleration of Japan's defense policies.
