How Japan’s new prime minister is jolting markets

日本新首相如何震撼市场

The Indicator from Planet Money

2025-12-03

9 分钟
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Sanae Takaichi was sworn in as Japan’s first female prime minister a little over a month ago, and she’s already making waves in the East and West. The first priority for the people of Japan is if her government can fix the country’s cost-of-living problem. Today on the show, we break down what Sanaeonomics could mean for the Land of the Rising Sun. Related episodesHow Japan is trying to solve the problem of shrinking villagesJapan had a vibrant economy. Then it fell into a slump for 30 years For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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  • NPR.

  • Japan's economy has been going sideways since the 1990s.

  • Economic growth was barely there, and it was even grappling with deflation, prices falling.

  • But now, for the first time in about 30 years, inflation has started to bite.

  • And that helped pave the way for a new prime minister with a colorful and radical streak.

  • In October, Senai Takahichi became leader of the Conservative Liberal Democratic Party, or LDP.

  • She was soon sworn in as Japan's first female prime minister.

  • In one of her early speeches, she said she's throwing away the phrase work-life balance for herself.

  • She's seeing she's throwing away the work-life balance and she would work and work and work.

  • As the most indolent member of the indicator staff, I simply cannot relate.

  • Her secret is true story, drumming heavy metal.

  • She was also a TV personality and has sung karaoke in front of the nation.

  • Takahichi is nationalistic and telegenic, so naturally,

  • she and US President Donald Trump got along famously when Trump visited Japan in October.

  • She presented Trump with a gold leaf golf ball and a putter that belonged to the late Japanese Prime Minister Shinzo Abe,

  • who was her mentor.

  • Less positive is Takahichi's relationship with China.

  • Beijing is steaming after her comments on Taiwan.

  • And on Japan's ailing economy, Takaichi's moves have been no less bold.

  • This is The Indicator from Planet Money.