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Trump Endorses Japan’s Takaichi Days Before Vote as Polls Point to Big Coalition Win

Markets brace for her stimulus and food-tax holiday pledge.

Overview

  • President Donald Trump issued a "complete and total" endorsement of Prime Minister Sanae Takaichi and said he will host her at the White House on March 19.
  • Surveys indicate the LDP–Ishin coalition could capture around 300 of 465 seats, with thresholds of 261 for full committee control and 310 for a two-thirds lower-house majority.
  • Takaichi’s personal popularity, especially with younger voters, far outstrips party support, with polls showing exceptionally high approval among under‑30s and viral interest in her public persona.
  • Investors have balked at her expansive agenda, including a ¥21.3 trillion stimulus and a proposed suspension of the 8% food sales tax that could remove about ¥5 trillion in annual revenue, driving yields higher and weakening the yen.
  • Tensions with China intensified after her remarks on Taiwan, even as turnout uncertainties and heavy snow forecasts could influence the size of any victory in the Feb. 8 snap election; she has said she will resign if she loses her majority.