上届阁僚全部留任 高市18日经国会众议院和参议院指名选举当选日本第105任首相，随即组建新内阁，上一届阁僚全部留 任。 日本首相官邸网站信息显示，第二届高市内阁维持第一届原班人马，总务大臣、外务大臣、防卫大臣、 内阁官房长官依然分别由林芳正、茂木敏充、小泉进次郎、木原稔担任。 与自民党联合执政的日本维新会依然选择以"阁外合作"形式参与政权运作，成员不出任阁僚。 美日贸易协议启动 高市（中）在首 相指名选举中胜出后鞠躬致意 新华社 发 据新华社报道，日本自民党总裁高市早苗18日当选日本首相并组建新内阁。而此前美国总统特朗普刚刚 宣布，美日巨额贸易协议正式启动。专家指出，高市政权缺乏成熟的经济政策、稳定的政治基础以及理 性的外交政策，面临国内外多重挑战。 高市8日率执政联盟在众议院选举胜出后，就连夜在社交平台用英日双语感谢特朗普。特朗普也在日本 众议院选举投票前公开表示，"完全且全面支持"高市及其执政联盟。多家日媒指出，美国总统在日本大 选前明确支持某一政党，前所未有。 这样的支持当然不是没有代价的。特朗普17日高调宣布的美日贸易协议总额高达5500亿美元，约占日本 GDP的12%。根据特朗普指定的三个项目，日本 ...

Core Viewpoint - The recent Japanese House of Representatives election resulted in a significant victory for the Liberal Democratic Party (LDP), securing 316 seats, which is over two-thirds of the total, indicating potential constitutional amendments in the long term, while short-term economic policies remain the priority [1][2]. Election Results - The LDP achieved 316 seats, up from 198, representing approximately 68% of the total 465 seats, marking the largest single-party representation since 1945 [1]. - The Komeito party, part of the ruling coalition, gained 36 seats, while the largest opposition party, the Constitutional Democratic Party, saw a significant drop to 49 seats from 167 [1]. - The National Democratic Party maintained its seat count at 28, and the Future Team party made a notable breakthrough with 11 seats [1]. Constitutional Amendment Possibility - The current political landscape allows for a potential constitutional amendment, as parties supporting such changes hold over two-thirds of the seats in both houses of parliament [2]. - However, the focus will likely remain on economic policies in the short term, as public concern centers around inflation and purchasing power [2]. Economic Policy Focus - The LDP's election manifesto emphasizes crisis management investments across various sectors, including technology, energy, and healthcare, aiming to enhance national resilience and competitiveness [2][3]. - Specific strategies include promoting Japan as a technology powerhouse, reducing dependency on specific countries, and ensuring supply chain security for critical resources [3]. Energy Security Measures - The manifesto outlines plans to restart nuclear power plants and maximize the use of renewable energy sources, aiming for a more diversified and self-sufficient energy structure [4]. - It also includes measures to regulate solar energy projects to balance development with local community and environmental needs [4]. Fiscal Responsibility - The LDP aims to achieve strong economic growth through bold investments while ensuring fiscal sustainability, with plans to reduce government debt as a percentage of GDP [4]. Market Impact - The election outcome is expected to lead to a significant rise in Japanese stocks, with the Nikkei index potentially surpassing 56,000 points [5]. - Japanese bond yields may rise in an orderly manner, with the LDP's victory suggesting a focus on responsible fiscal policies [6]. - The impact on U.S. Treasury yields is expected to be minimal, as Japan's holdings of U.S. debt are relatively small [7]. - There may be foreign exchange interventions if the yen depreciates excessively, with potential intervention levels around 158-160 yen per dollar [8]. - Global market sentiment may improve as a result of the election, reducing downward risks to capital prices [8]. Political Dynamics - Despite the LDP's strong position, concerns exist regarding the potential for overreach in policy implementation, drawing parallels to past political disappointments in Japan [9]. - Ongoing monitoring of cabinet approval ratings and financial market reactions will be crucial in shaping future policies [10].