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“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”
― Mark Twain
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Welcome to Abeonomics The Sequel
Japan's ruling Liberal Democratic Party (LDP) has elected former Economic Security Minister Sanae Takaichi as its new leader, positioning her to become the country’s first female prime minister. A staunch conservative and close ally of former PM Shinzō Abe, Takaichi is known for her nationalist views and tough stance on China. Her election comes as the LDP seeks to regain voter trust after recent electoral losses.
At 64, Takaichi breaks gender barriers in a male-dominated party and has vowed to focus on curbing rising prices, strengthening the Japan-U.S. alliance, and addressing regional security. A parliamentary vote expected in mid-October is likely to confirm her as prime minister due to the LDP's dominance in the lower house.
Though she presented herself as a moderate during the leadership race, critics remain wary of her past positions, including visits to the controversial Yasukuni Shrine. Domestically, she faces the challenge of uniting the party, restoring public confidence, and navigating cooperation with opposition groups to govern effectively.
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