00:00Osejiro Takeshita is a professor of management and information at the University of Shizuoka.
00:06You know, it's not totally unexpected.
00:08And, you know, the argumentation about, you know, Ms. Takahichi being the culprit is, in my opinion, totally unjustified.
00:16Because, you know, Kometo is saying, well, you know, it's the money situation, this dirty, you know, money situation, LDP, etc.
00:24But, you know, it didn't happen when Ms. Takahichi was in power.
00:28She's not in power yet.
00:30Why didn't they make a noise when Mr. Kishida was there, for example?
00:34So, you know, it has a lot more to do with political stance of Ms. Takahichi, who is very firm, very strong.
00:43And so what does this mean for Ms. Takahichi's future as the potentially first female prime minister of Japan?
00:51Are those plans for her now scuppered, with the LDP now 37 seats short of a majority in parliament?
00:57Well, you know, many people are just looking at the numbers.
01:00But, you know, do you really think, in my opinion, that, you know, the opposition party is all going to gang up on LDP?
01:07I don't think so, because, for example, the Constitutional Democratic Party of Japan do not have that leadership.
01:14And also, you know, like people like Nipponishinoka, Japan Innovation Party and Democratic Party for People of Japan.
01:19You know, these people, you know, these policies are much closer, in my opinion, to LDP than that of the Democratic Party of Japan,
01:27who is the largest, you know, of faction members in the opposition side.
01:33So, you know, it's easy to just add up the numbers and say that, oh, you know, LDP is going to be overturned.
01:39And I can't deny that possibility because of the number that's involved.
01:43But, you know, from the political policy point of view, I think that's a very infeasible argument to make.
01:49And so what are investors making of this development?
01:52Of course, market expectations for near-term interest rate hikes were dampened with the prospect of Ms. Takahichi being elevated to the job of prime minister.
02:01So what happens now, you know, that Nikkei was doing very well?
02:05Well, yeah, as you point out, Nikkei went up by 4.8 percent.
02:08That's the highest number, as far as I know, of any prime minister, you know, getting their job.
02:16I think Mr. Ishiba's case, I think market went down by 4.8 percent.
02:20Again, she's basically making it very clear about expansion of fiscal policy to regress the Japanese economic, say, innovation and strength.
02:31And she's made a lot of concrete measures.
02:33She's expressing concrete measures, which gives a very good strong milestone for people listening.
02:40So, you know, I think she's giving a lot more than just a jab in the arm or just the talks.
02:44She's being a lot more realistic, which is the reason why the market went up, not only on defense issues or, you know, tech issues,
02:51but the market sentiment as a whole that she would basically reflate the economy back again.
02:57At least she would be supporting to do that, which we really haven't seen in the previous, you know, prime ministers,
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