Japan's parliament elects Sanae Takaichi as nation's first female prime minister
Tokyo (AP): Japan's parliament elected ultraconservative Sanae Takaichi as the country's first female prime minister Tuesday, a day after her struggling party struck a coalition deal with a new partner expected to pull her governing bloc further to the right.
Takaichi replaces Shigeru Ishiba, ending a three-month political vacuum and wrangling since the Liberal Democratic Party's disastrous election loss in July.
Ishiba, who lasted only one year as prime minister, resigned with his Cabinet earlier in the day, paving the way for his successor.
Takaichi won 237 votes — four more than a majority — compared to 149 won by Yoshikoko Noda, head of the largest opposition party, the Constitutional Democratic Party of Japan, in the lower house, which elects the prime minister. As the results were announced, Takaichi stood up and bowed deeply.
The LDP's alliance with the Osaka-based rightwing Japan Innovation Party, or Ishin no Kai, ensured her premiership because the opposition is not united. Takaichi's untested alliance is still short of a majority in both houses of parliament and will need to court other opposition groups to pass any legislation — a risk that could make her government unstable and short-lived.
“Political stability is essential right now," Takaichi said at Monday's signing ceremony with the JIP leader and Osaka Gov. Hirofumi Yoshimura. “Without stability, we cannot push measures for a strong economy or diplomacy.”
The two parties signed a coalition agreement on policies underscoring Takaichi's hawkish and nationalistic views.
Their last-minute deal came after the Liberal Democrats lost its longtime partner, the Buddhist-backed Komeito, which has a more dovish and centrist stance. The breakup threatened a change of power for the LDP, which has governed Japan almost uninterrupted for decades.
Later in the day, Takaichi, 64, will present a Cabinet with a number of allies of LDP's most powerful kingmaker, Taro Aso, and others who backed her in the party leadership vote.
JIP will not hold ministerial posts in Takaichi's Cabinet until his party is confident about its partnership with the LDP, Yoshimura said.
Takaichi is running on deadline, as she prepares for a major policy speech later this week, talks with US President Donald Trump and regional summits. She needs to quickly tackle rising prices and compile economy-boosting measures by late December to address public frustration.
While she is the first woman serving as Japan's prime minister, she is in no rush to promote gender equality or diversity.
Takaichi is among Japanese politicians who have stonewalled measures for women's advancement. Takaichi supports the imperial family's male-only succession and opposes same-sex marriage and allowing separate surnames for married couples.
A protege of assassinated former Prime Minister Shinzo Abe, Takaichi is expected to emulate his policies including a stronger military and economy, as well as revising Japan's pacifist constitution. With her potentially weak grip on power, it's unknown how much Takaichi will be able to achieve.
Also an admirer of former British Prime Minister Margaret Thatcher, Takaichi was first elected to parliament in 1993 and has served in a number of senior party and government posts, including as ministers of economic security and internal affairs, but her diplomatic background is thin.
When Komeito left the governing coalition, it cited the LDP's lax response to slush fund scandals that led to their consecutive election defeats.
The centrist party also raised concern about Takaichi's revisionist view of Japan's wartime past and her regular prayers at Yasukuni Shrine despite protests from Beijing and Seoul that see the visits as lack of remorse about Japanese aggression, as well as her recent xenophobic remarks.
Takaichi has toned down her hawkish rhetoric. On Friday, she sent a religious ornament instead of going to Yasukuni.
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India proposes preferential trade agreement with Mexico to deal with high tariffs
New Delhi (PTI): India has proposed a preferential trade agreement (PTA) with Mexico to help domestic exporters deal with the steep tariffs announced by the South American country, a top government official said on Monday.
Mexico has decided to impose steep import tariffs - ranging from about 5 per cent to as high as 50 per cent on a wide range of goods (about 1,463 tariff lines) from countries that do not have free trade agreements with Mexico, including India, China, South Korea, Thailand and Indonesia.
Commerce Secretary Rajesh Agrawal said that India has engaged with the country on the issue.
"Technical level talks are on...The only fast way forward is to try to get a preferential trade agreement (PTA) because an FTA (free trade agreement) will take a lot of time. So we are trying to see what can be a good way forward," he told reporters here.
While in an FTA two trading partners either significantly reduce or eliminate import duties on maximum number of goods traded between them, in a PTA, duties are cut or removed on a limited number of products.
Trading partners of Mexico cannot file a compliant against the decision on imposing high tariffs as they are WTO (World Trade Organisation) compatible.
The duties are within their bound rates, he said, adding that their primary target was not India.
"We have proposed a PTA because its a WTO-compatible way forward... we can do a PTA and try to get concessions that are required for Indian supply chains and similarly offer them concessions where they have export interests in India," Agrawal said.
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Citing support for local production and correction of trade imbalances, Mexico has approved an increase in MFN (most favoured nation) import tariffs (5-50 per cent) with effect from January 1, 2026 on 1,455 tariff lines (or product categories) within the WTO framework, targeting non-FTA partners.
Preliminary estimates suggest that this affects India's around USD 2 billion exports to Mexico particularly -- automobile, two-wheelers, auto parts, textiles, iron and steel, plastics, leather and footwear.
The measure is also aimed at curbing Chinese imports.
India-Mexico merchandise trade totalled USD 8.74 billion in 2024, with exports USD 5.73 billion, imports USD 3.01 billion, and a trade surplus of USD 2.72 billion.
The government has been continuously and comprehensively assessing Mexico's tariff revisions since the issue emerged, engaging stakeholders, safeguarding the interests of Indian exporters, and pursuing constructive dialogue to ensure a stable trade environment benefiting businesses and consumers in both countries.
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Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai has said that Mexico's decision is a matter of concern, particularly for sectors like automobiles and auto components, machinery, electrical and electronics, organic chemicals, pharmaceuticals, textiles, and plastics.
"Such steep duties will erode our competitiveness and risk, disrupting supply chains that have taken years to develop," Sahai said, adding that this development also underlines the little urgency for India and Mexico to fast-track a comprehensive trade agreement.
Domestic auto component manufacturers will face enhanced cost pressures with Mexico hiking duties on Indian imports, according to industry body ACMA.
