Connect with us

Hi, what are you looking for?

Latest News

Japan poised for first female prime minister after ruling party elects Sanae Takaichi as new leader

Japan is on track to get its first female prime minister after the leading conservative party elected Sanae Takaichi as its new leader. 

Takaichi, the former economic security minister of Japan, beat Agriculture Minister Shinjiro Koizumi, the son of popular former Prime Minister Junichiro Koizumi, in a runoff in an intraparty vote on Saturday by the ruling Liberal Democratic Party.

Takaichi is replacing Prime Minister Shigeru Ishiba as the party looks to regain public support and stay in power. 

Despite suffering major election losses, the Liberal Democratic Party remains by far the largest in the lower house and determines Japan’s leader because opposition groups are highly splintered.

In the first round of voting, Takaichi finished first with 183 votes and Agriculture Minister Shinjiro Koizumi placed second with 164. Because neither candidate reached a majority in the first round, the winner was determined in an immediate two-way runoff. 

The LDP, whose consecutive losses in parliamentary elections in the past year have left it in the minority in both houses, sought a leader who can quickly address challenges both domestic and international, while seeking cooperation from key opposition groups to implement its policies.

Takaichi, a hard-line conservative who’s cited former British Prime Minister Margaret Thatcher as her hero, has called for strengthening Japan’s military, and taking a tougher stance against China and North Korea. She also opposes same-sex marriage and retains ties to nationalist groups. 

Takaichi also faces a possible summit with President Donald Trump, who could demand that Japan increase its defense spending. A meeting is reportedly being planned for late October. Trump will travel to the Asia-Pacific Economic Cooperation summit in South Korea starting Oct. 31.

The LDP also needs help from the opposition, which it has long neglected. The party will likely look to expand its coalition with the moderate centrist Komeito with at least one of the key opposition parties, which are more centrist.

A parliamentary vote is expected in mid-October.  

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Electronic Arts, maker of video games like “Madden NFL,” “Battlefield,” and “The Sims,” is being acquired for $52.5 billion in what could become the...

    Latest News

    President Donald Trump signed an order Monday offering a U.S. guarantee for Qatar’s security, a significant commitment for the rising non-NATO Arab ally. ‘The...

    Editor's Pick

    Charlie Javice, the founder of a startup company that sought to dramatically improve how students apply for financial aid, was sentenced Monday to more...

    Latest News

    Senate Democrats blocked Republicans’ attempt to reopen the government again, all but guaranteeing that the government shutdown rolls through the weekend. After a day...

    Disclaimer: Stockstreamsecrets.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 Stockstreamsecrets.com