Sanae Takaichi: Japan's First Female Prime Minister Takes Office in Rightward Shift

Sanae Takaichi becomes Japan's first female prime minister, representing a conservative shift in the country's politics. Known for her admiration of Shinzo Abe and Margaret Thatcher, Takaichi pledges economic stimulus and a tougher stance on immigration and defense. Her election signifies a pivotal moment in Japan's political landscape.

Sanae Takaichi made history as Japan's first female prime minister, marking a significant shift in the nation's political landscape by steering it toward the right. Takaichi, a staunch conservative and admirer of former Prime Minister Shinzo Abe and Britain's Margaret Thatcher, ascended to the role with the promise of reigniting the country's sluggish economy with Abenomics-style stimulus, amidst challenges of slow growth and rising prices.

In her ascent, Takaichi named only two women to her cabinet, falling short of the female representation seen in Nordic countries she promised during her campaign. This move drew criticism, prompting experts like Yoko Otsuka, professor of welfare policy and gender studies, to assert that this step would barely alter Japan's Global Gender Gap Index ranking. Despite these hurdles, Takaichi is expected to push Japan further right on defense and immigration, in line with the global trend.

Takaichi's entry into the prime ministerial role comes as her party, the Liberal Democratic Party, struggles to secure a majority coalition, having lost its longtime partnership with the more moderate Komeito. Despite this uncertainty, indicators such as the 'Takaichi trade' have shown bullish market responses, even as concerns about Japan's fiscal sustainability and rising national debt loom. Takaichi's alignment with U.S. defense strategy may bring quick international engagements, indicative of her approach towards national security.

(With inputs from agencies.)