Sanae Takaichi Calls Japan Snap Election 2026: A Bold Sales Tax Cut Gambit
Japanese PM Sanae Takaichi has called a snap election for Feb 8, 2026, promising a bold sales tax cut. Markets hit historic highs as political tension rises with the new opposition alliance.
Japan's political landscape is shifting. PM Sanae Takaichi just dissolved parliament for a Feb. 8 snap election, pairing the announcement with a provocative promise to slash the consumption tax. According to Nikkei, it's a strategic move to outmaneuver a newly formed opposition alliance before they can gain momentum.
Sanae Takaichi Japan Snap Election 2026: Market Reaction
The announcement sent ripples through Tokyo's financial districts. Japanese stocks hit a historic high as investors cheered the prospect of a fiscal boost. Takaichi's plan to reduce the sales tax aims to revitalize domestic spending, though it's already drawing criticism from fiscal hawks worried about Japan's massive debt pile.
The Rise of the Centrist Reform Alliance
It won't be an easy win for the LDP-led coalition. Last week, key opposition forces registered the Centrist Reform Alliance, a new party dedicated to halting what they call Japan's 'drift to the right.' The election is shaping up to be a battle between Takaichi's nationalist economic vision and a more moderate, reformist alternative.
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