高市早苗“涉险过关”成日本首位女首相，“早苗经济学”能否奏效

Core Points - Japan has elected its first female Prime Minister, Sanae Takaichi, who won the election on October 21, becoming the 104th Prime Minister of Japan [1][2] - Takaichi's election was marked by challenges, including a fractured ruling coalition and opposition from rival parties, but she secured support from the Japan Innovation Party [1][2] - The election results have led to a significant market reaction, with the Nikkei 225 index reaching historical highs, while the yen continues to depreciate against the dollar [1][6] Political Landscape - Takaichi's political stance is characterized by a strong conservative approach, closely aligned with former Prime Minister Shinzo Abe's policies, particularly in economic and security matters [2][7] - The coalition between the Liberal Democratic Party (LDP) and the Japan Innovation Party is seen as a strategic move to maintain political power and facilitate policy implementation in a context of reduced parliamentary majority [3][4] - The partnership is not without its challenges, as there are unresolved issues regarding political funding reforms, which could lead to tensions between the coalition partners [4][5] Economic Policies - Takaichi aims to continue and enhance "Abenomics," focusing on aggressive monetary easing and fiscal expansion, which she refers to as "Sanae Economics" [7][8] - The market has reacted positively to her proposed policies, anticipating increased government spending in key sectors like semiconductors, AI, and defense, which could stimulate economic growth [7][8] - However, there are concerns about the long-term sustainability of these policies, particularly regarding Japan's rising national debt and potential inflationary pressures [8][9] Market Reactions - The stock market has shown optimism, with the Nikkei 225 index hitting record highs, driven by expectations of Takaichi's expansionary fiscal policies [6][7] - The yen has depreciated against the dollar, reflecting market sentiment regarding the anticipated economic policies and their implications for inflation and currency stability [6][9] - Analysts caution that the current market enthusiasm may be short-lived if Takaichi faces significant obstacles in implementing her agenda due to her minority government status [9]