Takaichi promises tax cuts after LDP victory

Japan’s Prime Minister Sanae Takaichi’s Liberal Democratic Party (LDP) secured 316 seats in the 500-member National Assembly, marking its best result since its founding in 1955. Takaichi promised tax cuts and cabinet continuity following the landslide victory, with analysts attributing the win to her popularity. The LDP’s triumph allows Takaichi to pursue changes in security, immigration, and economic policies, including a reduction in consumption taxes. The outcome was welcomed by Japan’s business lobby and world leaders, while potential tensions with China over Taiwan and military defense plans loom.

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