Economy

Investors are watching interest rates because the Bank of Japan is trying to move away from decades of ultra-low rates to control inflation

Fewer workers mean less output and weaker growth

Markets were rattled with doubt over how Takaichi would fund these plans

Takaichi's overwhelming majority assured investors and showed in the positive market reaction

Investors have been placing the "Takaichi trade" buying Japanese shares while selling the yen and government debt

Japan's bond market is one of the largest in the world so small changes in Tokyo can ripple across global markets

Government bond yields jumped when Takaichi came into office in October

Takaichi vowed to cut taxes so people can spend more and said growth was the priority

Takaichi campaigned on the promise to spend more including investment in key industries to boost growth

Takaichi has the chance to change how Japan runs the world's fourth-largest economy

Japan has problems including sluggish growth public debt and an ageing shrinking working population

The yen has also gone up in value

Sanae Takaichi can deliver faster growth for the Japanese economy

This is great news for powerful monopolies bad news for everyone else

Top 0.1 percent get average tax break of over $300000 lowest-income households will see taxes increase

Industries from technology food and pharmaceuticals have become deeply consolidated by handful of corporations giving outsized power to handful of owners and executives

In 2024 research found 7 out of 10 world's largest corporations are owned by a billionaire or have one as principal shareholder

Oxfam analysis shows wealth of 10 richest U.S. billionaires increased by $365 billion in 12 months

Ultra-richest segments in the U.S. control greater portion of wealth than during Gilded Age

United States was emerging from Great Depression and many Americans were struggling financially