Not to say that the speculation of an early vote triggered the yen to lose additional floor, with constructive repercussions on the shares of exporting firms. Government bond yields are rising, confronted with the opportunity of a rise in public spending.
The nationalist card
Some polls put Takaichi’s reputation price at 70%, no less than partly on the premise of the defiant angle adopted in the direction of China with which a heated diplomatic conflict has been underway for over two months triggered by some statements made in Parliament by the prime minister herself.
Last November 7, Takaichi stated {that a} potential Chinese invasion of Taiwan might jeopardize Japan’s safety and make army intervention essential. A doctrine overtly mentioned in Japanese political, strategic and diplomatic circles, however by no means expressed by a first-rate minister, not to mention in entrance of Parliament.
A dangerous guess
In the latest previous, the choice to name early elections to solidify a parliamentary majority value Takaichi’s predecessor, Shigeru Ishiba, dearly. Shortly after changing into prime minister, Ishiba despatched the nation to the polls, however as a substitute of seeing the contingent of his parliamentarians develop, he misplaced the bulk within the decrease home, the extra influential of the 2, and ended up dragging himself out for the remainder of the premiership, till the autumn of his government after lower than a 12 months in authorities following a brand new heavy electoral defeat.
https://www.ilsole24ore.com/art/la-tentazione-takaichi-giappone-le-elezioni-anticipate-AIjBRYq