Japanese Prime Minister Takaichi Sanae will hold her first summit with US President Donald Trump next week. She plans to express her intention to fundamentally strengthen Japan's defense capabilities.

The acolyte of former Prime Minister Shinzo Abe is likely to make a sharp turn to the right on immigration and defence.

Japan’s first female prime minister, Sanae Takaichi, appointed just two other women to her cabinet, well below the high of five in other recent administrations but notable for her nomination of the nation’s first female finance minister.

Japanese stocks have room to run after the “Takaichi trade” helped drive them to a record peak, according to UBS Global Wealth Management. “Japanese equities rallied to an all-time record high on Tuesday,

Japan's new prime minister, Sanae Takaichi, said on Tuesday she hoped the central bank would conduct monetary policy to sustainably achieve 2% inflation driven not just by rising raw material costs but also by wage gains.

Sanae Takaichi was named Japan's first woman prime minister Tuesday, with the social conservative naming just two other women to her cabinet. She was approved by parliament as prime minister on Tuesday and was due formally to take office later in the day when she meets the emperor.

The Innovation Party’s backing looks set to make Sanae Takaichi Japan’s first female PM, but analysts don’t expect their alliance to last.

Japan’s ruling Liberal Democratic Party (LDP) and the major opposition Japan Innovation Party (JIP) signed a coalition agreement on Monday, with LDP head Sanae Takaichi almost certain to become Japan’s first woman prime minister the following day, Kyodo News Agency reported.