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Japanese shares hit record high as Sanae Takaichi wins landslide election victory

Japanese Prime Minister Sanae Takaichi's Liberal Democratic Party secured a landslide victory in Sunday's election, with projections showing the party winning between 274 and 328 seats in the 465-seat lower house of parliament, surpassing the 233 seats needed for a majority.

Japanese Prime Minister Sanae Takaichi's Liberal Democratic Party secured a landslide victory in Sunday's election, with projections showing the party winning between 274 and 328 seats in the 465-seat lower house of parliament, surpassing the 233 seats needed for a majority.

Takaichi's coalition with the Japan Innovation Party is projected to secure at least 310 seats, giving them a supermajority of two-thirds in the lower house. This allows the coalition to override the upper house, where it lacks a majority, easing the legislative agenda.

Takaichi's coalition with the Japan Innovation Party is projected to secure at least 310 seats, giving them a supermajority of two-thirds in the lower house. This allows the coalition to override the upper house, where it lacks a majority, easing the legislative agenda.

The election was held in February, only the third postwar election in that month, with voters facing record snowfall and freezing temperatures in some regions. Heavy snow snarled traffic and required some polling stations to close early during the rare winter snap election.

The election was held in February, only the third postwar election in that month, with voters facing record snowfall and freezing temperatures in some regions. Heavy snow snarled traffic and required some polling stations to close early during the rare winter snap election.

Takaichi promised to suspend the 8% sales tax on food to help households cope with rising prices, a pledge that has raised concerns among investors about funding given Japan's heavy debt burden. She stated she would speed up consideration of the tax cut while focusing on fiscal sustainability.

Takaichi promised to suspend the 8% sales tax on food to help households cope with rising prices, a pledge that has raised concerns among investors about funding given Japan's heavy debt burden. She stated she would speed up consideration of the tax cut while focusing on fiscal sustainability.

U.S. President Donald Trump gave Takaichi his "total endorsement" and announced he would host her at the White House on March 19. Taiwan President Lai Ching-te congratulated Takaichi, expressing hope her victory would bring a more prosperous and secure future for Japan and regional partners.

U.S. President Donald Trump gave Takaichi his "total endorsement" and announced he would host her at the White House on March 19. Taiwan President Lai Ching-te congratulated Takaichi, expressing hope her victory would bring a more prosperous and secure future for Japan and regional partners.

Takaichi's remarks on how Tokyo might respond to a Chinese attack on Taiwan touched off a major dispute with Beijing. China responded with countermeasures including urging its citizens not to travel to Japan and reimposing a ban on Japanese seafood imports.

Gunther Eagleman

Takaichi's remarks on how Tokyo might respond to a Chinese attack on Taiwan touched off a major dispute with Beijing. China responded with countermeasures including urging its citizens not to travel to Japan and reimposing a ban on Japanese seafood imports.

Japan's Takaichi Wins Landslide, Secures Supermajority

Japan's Takaichi Wins Landslide, Secures Supermajority

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Japan's Takaichi Wins Landslide, Secures Supermajority

Japan's Takaichi Wins Landslide, Secures Supermajority

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