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maxshort's avatar

It seems so contractory for Takaichi to win. She was the candidate pushing for loose financial and monetary policy to goose nominal GDP (i.e. real growth+ *inflation*). However the voting public has consistently put addressing inflation as their number one priority. It's not even clear if Takaichi has any plans to deal with inflation.

As such unless she drastically pivots from day one, I think the probability of her premiership lasting less than six months is very high. She has so many handicaps that it's hard to see her succeeding: (1) her strong ideological bent makes it hard for her to partner with other parties which is an absolute must right now. Even Komeito doesn't seem happy with her and may look to leave the coalition. Not to mention the opposition. (2) Her approach to the economy just seems tobe deaf and out of touch with reality. (3) Her communication style is bound to ruffle a lot of feathers --- I'm already hearing Japanese people upset with her 'throw away work life balance' comment and the 'Work, work, work!' comment. Does she mean all Japanese need to now work like crazy? Business people are watching and the comments I get are anxiety that they will push the same.

Bottom line is watch for a short premiership and the next election.

Personally I disappointed as this feels like just a waste of six months to one year for Japan, when there was much better alternative.

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vuori's avatar

It's kind of strange how many mainstream outlets have taken Takaichi on her own word that she is "inspired by" Margaret Thatcher (something thankfully not repeated here), despite her stated economic policy preferences sounding far more like those of James Callaghan, and her generally seeming much more aligned with One Nation style conservatism rather than Thatcher's "there is no society" line. Perhaps they believe that she intends to make the Northern Territories her own Falklands?

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