Is Japan facing a "Liz Truss" moment? 🇯🇵

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Japanese Prime Minister San Takayichi
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has won a resounding victory in the snap
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election that she called the first one
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held in winter for over 30 years and
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with the shortest campaign period in
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postwar Japanese history. This has been
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a resounding victory for Takayichi. Her
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personal approval rating translated into
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this huge success for her party. Sanai
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Katsu or Sanai mania has gripped the
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country with sales of her handbag and
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even her pink ballpoint pen selling out.
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But for the economy, this reflationary
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mandate she now has poses risks to
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Japanese government bonds and to the
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currency. Now, although Takayichi has
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said her political heroine is the
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Conservative Prime Minister Margaret
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Thatcher, with these risks to the bond
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market and the currency, does she run
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the risk of being Japan's version of Liz
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Truss? We'll find out.

Is Japan facing a "Liz Truss" moment? 🇯🇵

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Is Japan facing a "Liz Truss" moment? 🇯🇵

City AM