Japanese PM Takaichi Plans Defense Budget Rise, ASEAN Summit Attendance

Japan's new Prime Minister Sanae Takaichi, the first woman to hold the post, has outlined a conservative and hawkish agenda focused on strengthening Japan's economy, boosting defense spending, and enhancing national security. In her first policy speech, she pledged to raise Japan's defense budget to 2% of GDP by March 2026, accelerating the existing plan, and emphasized the importance of the U.S.-Japan alliance and multilateral cooperation within the Indo-Pacific region. Takaichi also highlighted the need for 'responsible and proactive fiscal policies,' promising economic stimulus measures to support wage growth, reduce the cost of living, and promote industrial development, such as artificial intelligence. Her administration plans to tighten regulations on foreigners residing in Japan and restrict foreign land purchases, while advocating for constitutional revision and stable continuation of the Imperial lineage. Takaichi's approach reflects a commitment to conservative values, continuity with former Prime Minister Shinzo Abe's policies, and a readiness to confront security challenges posed by regional tensions, including with China. Additionally, Japan's diplomatic efforts include participation in ASEAN-related summits to deepen regional trust and peace, further tying Japan’s security and prosperity to the broader Indo-Pacific strategy.