Overview
- Parliament approved Takaichi and Emperor Naruhito formally designated her as prime minister, a milestone that coincided with a Tokyo market surge to fresh Nikkei records.
- Takaichi’s pact with the Japan Innovation Party gives the government about 231 seats, two shy of the 233 needed for an absolute majority, leaving it dependent on ad hoc backing for legislation.
- Reports indicate Ishin will not take ministerial posts under the deal, though Takaichi may appoint an Ishin figure as a special adviser.
- Negotiations included policy concessions reported in Japanese media, such as pursuing a zero consumption tax on food and reducing the number of parliamentary seats.
- Facing inflation and a PLD financial scandal, Takaichi said she will unveil an economic program and prepare for talks with President Donald Trump during his visit next week.