Japan set for new coalition and first woman PM
Summary
Japan's ruling LDP signs a coalition with Japan Innovation Party, enabling Sanae Takaichi to become Japan's first woman prime minister amid economic and political challenges.
Key Points
- Japan's Liberal Democratic Party (LDP) signed a coalition deal with the Japan Innovation Party (JIP) to support Sanae Takaichi as prime minister.
- Sanae Takaichi is poised to become Japan's first woman prime minister after winning LDP leadership and securing coalition support.
- The coalition deal helped boost the Nikkei 225 index to a new record as investors anticipate proactive fiscal policies.
- Takaichi faces challenges including relations with China, managing the economy, population decline, and working with a minority government requiring support from other parties.
