After a positive vote in the Lower House this Tuesday, the Upper House now remains. If everything stands, the LDP leader could be sworn in as Japan’s 104th prime minister.
The leader Sanae Takaichirecently named as Prime Minister of Japanwon the vote on Tuesday Lower House to elect the next prime minister. Now the approval of the Upper House remains to be sworn in. His election occurred amid resignation announcements by the current head of Government.
After being named as Prime Minister of Japan, Sanae Takaichi is preparing an economic stimulus package to help households cope with inflation. The amount is expected to exceed last year’s US$92 billion and it is its first initiative in the matter.
The package of more than 13.9 trillion yen (US$92.19 billion) marks the Takaichi’s first major economic initiative since her inauguration on Tuesday, under the commitment to what she calls “responsible proactive fiscal policy.”
Samae Takaichi is closer to becoming Prime Minister of Japan
Takaichi is leader of the Liberal Democratic Party (LDP), currently in power, and is likely to be approved by the Upper House as well. This is less powerful than the High but a positive decision could see her sworn in as Japan’s 104th prime minister this afternoon.
Sanae Takaichi
Sanae Takaichi becomes the first woman to govern Japan and the market expects a strengthening of the yen
Sanae Takaichia hardline conservative, was elected on Tuesday as the first woman to lead Japan’s government, breaking the political glass ceiling and preparing the country for a decisive shift to the right.
Takaichi, a supporter of the former prime minister, is expected Shinzo Abe and admirer of the British Margaret Thatcherresume government stimulus in an attempt to boost an economy weighed down by slow growth and rising prices, Reuters analyzed.
Takaichi, who named only two women to his cabinet, received 237 votes in Tuesday’s lower house election. Parliamentcomposed of 465 seats, and later obtained a similar vote in the upper house, with less power.
His victory was assured after his Liberal Democratic Party (PDL)which has ruled Japan for most of its postwar history, agreed on Monday to form a coalition with the right-wing Japan Innovation Partyknown as Ishin.
Source: Ambito
