Japan is on the cusp of historic change with Sanae Takaichi, a conservative politician from the right wing of the ruling Liberal Democratic Party (LDP), poised to become the nation’s first female prime minister. Her election as party leader on October 4 follows her narrow victory over Shinjiro Koizumi in the leadership race.
Takaichi’s rise comes at a turbulent time for the LDP, which has seen its dominance waver over recent years as opposition groups and populist parties gain ground. The party’s losses in the latest elections, coupled with declining support due to economic issues and demographic shifts, have created a pressing need for fresh leadership. Her appointment is widely viewed as an effort to reinvigorate the party’s appeal to voters dissatisfied with inflation and social stagnation.
Known for her admiration of Margaret Thatcher, Britain’s first female prime minister, Takaichi advocates for assertive economic policies and a firm stance on national security. As a proponent of former Prime Minister Shinzo Abe’s “Abenomics” strategy, she supports continued fiscal stimulus, though her stance on monetary policy signals potential for more aggressive spending.
Her comments suggest she might embolden fiscal expansion, which could impact investor confidence, especially given Japan’s substantial public debt. Market analysts have already expressed concern that her leadership might delay the Bank of Japan’s plans to raise interest rates further.
On the foreign policy front, Takaichi is a nationalist whose regular visits to the Yasukuni Shrine—dedicated to Japan’s war dead—have caused regional tensions. She has also expressed interest in revising Japan’s pacifist constitution and forging closer security links with Taiwan, actions likely to upset China while garnering nationalistic support. Her stance on regional security issues has received mixed international reactions, with some countries warning of increased tensions in East Asia.
While her historic election is seen as a breakthrough for gender equality in Japan, her socially conservative views, such as opposition to allowing married couples to have different surnames, may constrain her appeal among women voters.
Nevertheless, her pledge to increase the number of women in her Cabinet aims to signal a more inclusive government, even if her policies remain rooted in traditional values.
If she assumes office, Takaichi will face the enormous task of stabilising Japan’s economy, strengthening regional diplomacy, and addressing domestic social issues. Her declared commitment to working tirelessly reflects her confidence that she can lead Japan through a period of significant change and challenge.