Don’t Cry for Takaichi, But Go Ahead for Argentina
Japan has a new chance to get a lot of things right. Milei’s US bridge is going nowhere.
A new look in Tokyo.
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Japan’s political uncertainty is resolved for a while by the bold choice of Sanae Takaichi, a feisty veteran, as its first female prime minister. Her elevation seemed highly unlikely until she won the Liberal Democratic Party’s internal election three weeks ago, and since then she has endured a fracture in the governing coalition. She now has a new partner, and with it the premiership. It’s an exciting development, but what should markets expect?