Prime Minister Sanae Takaichi’s landslide election win saw a largely positive initial response from investors. But they remain wary of another market meltdown over her expansive spending plans.
In her first press briefing after a historic victory on Sunday, Takaichi acknowledged market concerns over how she’ll be able to cut the sales tax on food for two years while ramping up spending on defense and strategic industries. Worries that she would add to 91AV原创 mountain of public debt prompted yields to spike last month to the highest levels in decades.
Takaichi emphasized the prudence of her “responsible proactive fiscal policy” while insisting that Japan “must make a complete break from excessive austerity and chronic underinvestment for the future.”
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