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Sanae Takaichi Makes History by Being Elected as Japan’s First Woman Prime Minister

Sanae Takaichi Makes History by Being Elected as Japan's First Woman Prime Minister

Japan’s First Female Prime Minister Takes Office Conservative Sanae Takaichi made history on Tuesday as Japan’s first female prime minister, winning 237 votes out of 465 in the House of Commons. This remarkable achievement follows a historic coalition agreement that her party reached just a day prior. Takaichi is notable not only for her groundbreaking […]

Yen drops in value following Takaichi’s election as Japan’s Prime Minister

Yen drops in value following Takaichi's election as Japan's Prime Minister

SINGAPORE, Oct 21 The yen declined after the election of Sanae Takaichi as Japan’s first female prime minister, spurring investor speculation about a challenging interest rate landscape and potential increases in government spending. Takaichi, who leads the ruling Liberal Democratic Party, secured victory in a lower house ballot on Tuesday, setting the stage for her […]

Japanese Yen faces uncertainty due to changes in Japan’s politics

Japanese Yen faces uncertainty due to changes in Japan's politics

The Japanese yen (JPY) is facing difficulty capitalizing on a minor rebound against the generally weaker US dollar (USD) as traders navigate the political landscape in Japan. Reports indicate that Japan’s ruling Liberal Democratic Party (LDP) and Japan Ishin no Kai (JIP) have reached an agreement to establish a coalition government. This development paves the […]

Yen weakens as Takaichi, with a soft approach, is poised to become Japan’s Prime Minister; Australian dollar rises.

Yen weakens as Takaichi, with a soft approach, is poised to become Japan's Prime Minister; Australian dollar rises.

TOKYO Market Update: Yen Weakens Amid Political Moves TOKYO, Oct 20 – The yen experienced a decline on Monday as Sanae Takaichi, a proponent of fiscal and monetary stimulus, looks set to become Japan’s next prime minister, having reportedly secured crucial political endorsements for the position. Investor sentiment regarding safe-haven currencies improved as trade tensions […]

Japan’s Ruling Coalition Falls Apart, Making Takaichi Sanae’s Prime Ministerial Ambitions More Challenging

Japan's Ruling Coalition Falls Apart, Making Takaichi Sanae's Prime Ministerial Ambitions More Challenging

Komeito’s leader, Tetsuo Saito, announced on Friday that the party will exit the coalition government led by the Liberal Democratic Party (LDP) due to concerns surrounding corruption. This departure significantly diminishes the prospects for recently elected LDP leader Sanae Takaichi to garner necessary support for stepping into the role of prime minister. Saito expressed disappointment […]