Japan, Takaichi
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The historic election victory in Japan for the ruling Liberal Democratic Party has granted Prime Minister Sanae Takaichi the strongest mandate in the country’s postwar era and raised hopes of a shift towards growth-oriented policy.
Drafted in the 1940s during the country’s occupation by Allied forces, Japan’s constitution has long limited its defense capabilities.
By Leika Kihara and John Geddie TOKYO, Feb 9 (Reuters) - Japanese Prime Minister Sanae Takaichi is set to be pressed on her promised tax cuts and spending plans on Monday after a historic election win was seen heightening the chances of her delivering on stimulus measures that have rattled financial markets.
Prime Minister Sanae Takaichi won a sweeping mandate from voters for her economic agenda and tough stances on immigration and China.
Takaichi's landslide election win enables ambitious fiscal policy, but Japan's 230% debt-to-GDP ratio and rising JGB yields present sustainability concerns.