The China Mail - Japan PM wins Trump backing ahead of snap election

USD -
AED 3.672502
AFN 63.50857
ALL 82.294221
AMD 367.452
ANG 1.790403
AOA 917.506916
ARS 1483.982801
AUD 1.44656
AWG 1.8025
AZN 1.697413
BAM 1.712609
BBD 2.010946
BDT 123.012259
BGN 1.69088
BHD 0.376977
BIF 2970.108101
BMD 1
BND 1.29196
BOB 6.914186
BRL 5.176201
BSD 0.998424
BTN 94.461471
BWP 13.531524
BYN 2.92697
BYR 19600
BZD 2.007968
CAD 1.42069
CDF 2264.999752
CHF 0.808745
CLF 0.023428
CLP 922.070075
CNY 6.79395
CNH 6.79183
COP 3431.21
CRC 455.07462
CUC 1
CUP 26.5
CVE 96.538229
CZK 21.256098
DJF 177.793345
DKK 6.549005
DOP 59.494945
DZD 133.179709
EGP 49.129803
ERN 15
ETB 159.747998
EUR 0.87618
FJD 2.243699
FKP 0.75464
GBP 0.754675
GEL 2.63967
GGP 0.75464
GHS 11.302102
GIP 0.75464
GMD 73.505469
GNF 8748.741739
GTQ 7.616071
GYD 208.844133
HKD 7.84265
HNL 26.705764
HRK 6.6008
HTG 130.491488
HUF 311.770495
IDR 17969
ILS 2.98005
IMP 0.75464
INR 94.91825
IQD 1307.968476
IRR 1376000.000262
ISK 125.990134
JEP 0.75464
JMD 157.24977
JOD 0.708978
JPY 162.660504
KES 129.480074
KGS 87.449847
KHR 4016.805987
KMF 431.999924
KPW 900.00035
KRW 1551.945009
KWD 0.30975
KYD 0.832049
KZT 478.441331
LAK 22393.169877
LBP 89407.880911
LKR 335.481611
LRD 181.208406
LSL 16.33958
LTL 2.95274
LVL 0.60489
LYD 6.414186
MAD 9.383363
MDL 17.641856
MGA 4235.551664
MKD 53.986951
MMK 2099.487458
MNT 3582.059186
MOP 8.064974
MRU 39.880958
MUR 47.190316
MVR 15.460171
MWK 1731.260946
MXN 17.49645
MYR 4.0847
MZN 63.849913
NAD 16.33958
NGN 1379.849769
NIO 36.728084
NOK 9.91121
NPR 151.078822
NZD 1.761635
OMR 0.384497
PAB 0.998424
PEN 3.412347
PGK 4.383562
PHP 61.444499
PKR 277.633625
PLN 3.76675
PYG 6071.803853
QAR 3.648955
RON 4.593099
RSD 102.829205
RUB 78.697589
RWF 1462.908661
SAR 3.751401
SBD 8.065041
SCR 13.378428
SDG 600.500677
SEK 9.710555
SGD 1.29458
SHP 0.746601
SLE 24.797324
SLL 20969.503664
SOS 570.353188
SRD 37.504496
STD 20697.981008
STN 21.44514
SVC 8.736427
SYP 110.532098
SZL 16.337128
THB 33.279905
TJS 9.225306
TMT 3.51
TND 2.958527
TOP 2.40776
TRY 46.659498
TTD 6.776708
TWD 31.847969
TZS 2625.002989
UAH 44.744308
UGX 3659.369527
UYU 40.072142
UZS 11985.989492
VES 622.24352
VND 26315
VUV 119.95305
WST 2.78094
XAF 574.166922
XAG 0.017104
XAU 0.00025
XCD 2.70255
XCG 1.799387
XDR 0.714361
XOF 574.39317
XPF 104.430823
YER 238.598846
ZAR 16.38505
ZMK 9001.137754
ZMW 17.996497
ZWL 321.999592
  • RBGPF

    0.6100

    65.61

    +0.93%

  • CMSC

    -0.0528

    21.64

    -0.24%

  • RYCEF

    0.2900

    18.68

    +1.55%

  • NGG

    -0.8900

    82.87

    -1.07%

  • RELX

    0.3800

    31.67

    +1.2%

  • RIO

    0.6400

    94.93

    +0.67%

  • BCE

    -0.7500

    21.51

    -3.49%

  • GSK

    -0.3900

    52.42

    -0.74%

  • CMSD

    0.0000

    21.9

    0%

  • BTI

    -0.9800

    61.76

    -1.59%

  • BCC

    -1.6300

    77.63

    -2.1%

  • JRI

    0.1000

    12.96

    +0.77%

  • AZN

    -1.3300

    189.62

    -0.7%

  • VOD

    -0.4650

    13.225

    -3.52%

  • BP

    -0.4000

    36.95

    -1.08%

Japan PM wins Trump backing ahead of snap election
Japan PM wins Trump backing ahead of snap election / Photo: © POOL/AFP/File

Japan PM wins Trump backing ahead of snap election

Japanese premier Sanae Takaichi won US President Donald Trump's full endorsement on Friday, two days before snap elections that polls suggest may see her coalition romp home with a super-majority.

Text size:

Japan's first woman prime minister is hoping on Sunday to capitalise on her strong popularity since taking the reins of Asia's number-two economy in October.

Takaichi "has already proven to be a strong, powerful, and wise Leader, and one that truly loves her Country," Trump wrote on Truth Social as he announced she would visit the United States on March 19.

The United States and Japan have been working to strike a "very substantial" deal on trade, as well as collaborating on national security, Trump said, offering his "Complete and Total Endorsement".

"Prime Minister Takaichi is someone who deserves powerful recognition for the job she and her Coalition are doing," he added.

While US presidents have typically refrained from endorsing candidates in overseas elections, Trump has done so repeatedly, including throwing his backing behind Argentina's Javier Milei and Hungary's Viktor Orban.

Takaichi, 64, pulled out all the stops to welcome Trump to Japan days after she took office, endorsing the 79-year-old for the Nobel Peace Prize and gifting him golf memorabilia.

Trade officials in July reached a deal that saw Washington lower tariffs on Japanese goods to 15 percent from a threatened 25 percent in return for promises of investment.

Trump has not publicly weighed in on Takaichi's spat with China after she suggested in November that Japan would intervene militarily if China sought to take self-ruled Taiwan by force.

China has never ruled democratic Taiwan, but Beijing claims Taiwan and has not ruled out forcibly annexing it.

- Polls -

Pollsters -- with some caution due to undecided voters -- point to a resounding win in Sunday's elections for Takaichi after her honeymoon start.

She appears to have injected new vim into a once-mighty but now moribund Liberal Democratic Party (LDP) after it was deserted en masse by voters in part because of inflation and a slush fund scandal.

Despite her ultraconservative policies, Takaichi also boasts overwhelming support among young people, in an ageing country where politics has long been determined by older voters.

"Her gamble (of calling elections) will pay handsome dividends as she will gain a strong mandate and probably a standalone majority that will help her enact an ambitious array of economic and security reforms," said Jeff Kingston, professor of history and Asian studies at Temple University Japan.

"Trump will welcome the election of a conservative leader with a strong mandate... He likes winners and she has come through on boosting defence spending and supporting the investment deal to reduce tariffs," Kingston told AFP.

Surveys ahead of Sunday's lower house election indicate -- with some caution due to undecided voters -- that the LDP will easily win more than the 233 seats needed to regain a majority.

A asmartphone-based survey of more than 220,000 people released by the Mainichi Shimbun daily on Friday suggested that the LDP may win more than 300 seats out of 465 up for grabs.

Together with seats won by the LDP's coalition partner, the Japan Innovation Party (JIP), this could give Takaichi's ruling bloc a two-thirds majority, the Mainichi said.

The new Centrist Reform Alliance of the main opposition Constitutional Democratic Party (CDP) and the LDP's previous partner Komeito could lose half their current 167 seats, other polls have shown.

- Markets worried -

Besides angering China, Takaichi has already rattled markets, with yields on long-dated Japanese government bonds hitting record highs and the yen seesawing.

This is due to worries about Japan's colossal debt pile -- more than double the size of the economy -- from Takaichi's $135-billion stimulus package and pledges to cut taxes.

Abhijit Surya at Capital Economics said, however, that he was not worried that Takaichi would be "fiscally profligate".

"In the event that the government did attempt to play fast and loose with the public finances, we would expect bond markets to put it in check," the economist said.

bur-mac-hih-stu/lb

Q.Moore--ThChM