BR100 Increased By (0.03%)
BR30 Decreased By (-0.13%)
KSE100 Increased By (0.07%)
KSE30 Increased By (0.08%)
AGHA 6.62 Decreased By ▼ -0.05 (-0.75%)
BECO 4.40 Increased By ▲ 0.05 (1.15%)
BML 56.17 Decreased By ▼ -1.15 (-2.01%)
BOP 30.10 Decreased By ▼ -0.02 (-0.07%)
CNERGY 12.92 Decreased By ▼ -0.06 (-0.46%)
CSIL 5.32 Increased By ▲ 0.01 (0.19%)
FCCL 51.90 Increased By ▲ 0.25 (0.48%)
FFL 14.52 Increased By ▲ 0.03 (0.21%)
FNEL 1.24 Increased By ▲ 0.03 (2.48%)
KEL 6.06 No Change ▼ 0.00 (0%)
KOSM 5.89 Increased By ▲ 0.05 (0.86%)
LOTCHEM 26.15 Decreased By ▼ -0.02 (-0.08%)
MLCF 91.36 Increased By ▲ 0.13 (0.14%)
NBP 163.90 Decreased By ▼ -0.29 (-0.18%)
NCPL 53.49 Increased By ▲ 0.31 (0.58%)
NPL 59.40 Increased By ▲ 0.28 (0.47%)
OGDC 312.70 Decreased By ▼ -0.69 (-0.22%)
PACE 9.71 Decreased By ▼ -0.06 (-0.61%)
PAEL 35.25 Increased By ▲ 0.01 (0.03%)
PIBTL 14.77 Increased By ▲ 0.06 (0.41%)
PPL 220.49 Decreased By ▼ -0.87 (-0.39%)
PRL 91.40 Increased By ▲ 0.18 (0.2%)
PTC 59.65 Increased By ▲ 0.46 (0.78%)
SSGC 23.48 Increased By ▲ 0.18 (0.77%)
TBL 8.83 Increased By ▲ 0.08 (0.91%)
TELE 7.65 Increased By ▲ 0.04 (0.53%)
TPL 22.03 Decreased By ▼ -0.32 (-1.43%)
TPLP 12.40 Decreased By ▼ -0.16 (-1.27%)
TREET 21.77 Increased By ▲ 0.04 (0.18%)
TRG 56.09 Increased By ▲ 0.30 (0.54%)
By

TOKYO: Hardline conservative Sanae Takaichi was elected Japan’s first female prime minister on Tuesday, shattering the nation’s glass ceiling and setting it up for a forceful turn to the right.

An acolyte of former Prime Minister Shinzo Abe and an admirer of Britain’s Margaret Thatcher, Takaichi received 237 votes in the lower house election to choose the next premier, topping the majority of the 465-seat chamber. Her victory marks a pivotal moment for a country where men still hold overwhelming sway. But it is also likely to usher in a sharper move to the right on things like immigration and social issues.

Takaichi’s victory was secured after her Liberal Democratic Party, which has governed Japan for most of its postwar history, agreed to a coalition deal with the right-wing Japan Innovation Party, known as Ishin, on Monday.

After years of deflation, Japan is now grappling with rising prices, something that has sparked public anger and fuelled support for opposition groups including far-right upstarts.

Like Abe, Takaichi is expected to favour government spending to jumpstart the weakened economy.

That has prompted a so-called “Takaichi trade” in the stock market, sending the Nikkei share average to record highs, the most recent on Tuesday. But it has also caused investor unease about the government’s ability to pay for additional spending in a country where the debt load far outweighs annual output.

Takaichi had enough votes to get the premiership, but to govern effectively she will need the backing of more opposition lawmakers, said Tadashi Mori, a professor of politics at Aichi Gakuin University

“The two parties do not command a majority in either chamber and to ensure a stable government and gain control of key parliamentary committees, they will need to secure more than half the seats,” he said.

Comments

Comments are closed for this article.