Share prices have soared recently in Tokyo on hopes that conservative Japanese lawmaker Sanae Takaichi, who was chosen on Tuesday to be Japan’s first female prime minister, will double down on market-friendly policies, including hefty spending on defense and cheap credit.
The benchmark Nikkei 225 share index climbed close to the symbolically important 50,000 level, gaining 0.7 per cent to 49,517.57. Takaichi, a motorbike and heavy metal enthusiast, prevailed in a lower house parliamentary ballot that gave her 237 votes, above the 233 votes required to win.
Here’s what might be expected from what has been dubbed Sanaenomics:
Inflation and wages are the top concerns
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Increases in consumer prices have surpassed the Bank of Japan’s 2 per cent target range at 2.5 per cent to 3 per cent. So the central bank is gradually raising rates from their longstanding level near or below zero. Wages remain near the level they were at 30 years ago, onl​Share prices have soared recently in Tokyo on hopes that conservative Japanese lawmaker Sanae Takaichi, who was chosen on Tuesday to be Japan’s first female prime minister, will double down on market-friendly policies, including hefty spending on defense and cheap credit.
The benchmark Nikkei 225 share index climbed close to the symbolically important 50,000 level, gaining 0.7 per cent to 49,517.57. Takaichi, a motorbike and heavy metal enthusiast, prevailed in a lower house parliamentary ballot that gave her 237 votes, above the 233 votes required to win.
Here’s what might be expected from what has been dubbed Sanaenomics:
Inflation and wages are the top concerns
———————————————–
Increases in consumer prices have surpassed the Bank of Japan’s 2 per cent target range at 2.5 per cent to 3 per cent. So the central bank is gradually raising rates from their longstanding level near or below zero. Wages remain near the level they were at 30 years ago, onl ​Latest News [ SOBAN NEWS: International and National ]
