Sanae Takaichi Set to Become Japan's First Female Prime Minister

Sanae Takaichi, a hardline conservative, is poised to become Japan's first female prime minister after a parliamentary vote, marking a historic moment in a male-dominated society. Backed by a coalition with the Japan Innovation Party, her leadership is expected to bring a right-wing shift in policies.

Sanae Takaichi, a hardline conservative, is on the brink of making history as Japan's first female prime minister. On Tuesday, members of parliament are expected to elect her, representing a monumental shift in a country traditionally led by men. Her anticipated government aligns with the right-wing Japan Innovation Party.

Takaichi, a protege of former Prime Minister Shinzo Abe, has nearly secured the role after the Liberal Democratic Party finalized a coalition agreement. A significant appointment under her leadership is expected to be Satsuki Katayama as finance chief, making strides for women in high-ranking positions. However, these changes are seen as a turn towards conservative policies rather than progressive reform.

In the current political climate, Takaichi's potential premiership has invigorated equity markets, with investments responding positively. Despite Japan's struggles with deflation, rising prices have stirred public discontent, bolstering opposition groups' popularity. Still, with her expected win, Takaichi's governance aims to inject momentum back into the economy.

(With inputs from agencies.)