Thatcher's big gamble in Japan; Will Takaichi's ambitious plan succeed? ▫ According to Echo Iran, Sana Takaichi, Japan's first prime minister, plans to strengthen her country's economic and security position by implementing an ambitious plan. The main focus of this plan is to attract 370 trillion yen of public and private investment by 2040 in 17 strategic areas, including artificial intelligence, semiconductors, energy, defense industries, and cultural productions such as manga and anime. ▫ Takaichi faces important obstacles. Japan's public debt is more than twice the gross domestic product (GDP), and debt interest costs consume about a fifth of the annual budget. ▫ The increase in the cost of living, inflation and the depreciation of the yen have also put a lot of pressure on households. The aging of the population and the decline in the birth rate limit the workforce. ▫ In foreign policy, relations with China also became tense due to Takaichi's positions in Taiwan. He also wants to increase defense spending and strengthen cooperation with America. Despite the gradual decline in his popularity, Takaichi still enjoys public support.

Thatcher's big gamble in Japan; Will Takaichi's ambitious plan succeed? ▫ According to Echo Iran, Sana Takaichi, Japan's first prime minister, plans to strengthen her country's economic and security position by implementing an ambitious plan. The main focus of this plan is to attract 370 trillion yen of public and private investment by 2040 in 17 strategic areas, including artificial intelligence, semiconductors, energy, defense industries, and cultural productions such as manga and anime. ▫ Takaichi faces important obstacles. Japan's public debt is more than twice the gross domestic product (GDP), and debt interest costs consume about a fifth of the annual budget. ▫ The increase in the cost of living, inflation and the depreciation of the yen have also put a lot of pressure on households. The aging of the population and the decline in the birth rate limit the workforce. ▫ In foreign policy, relations with China also became tense due to Takaichi's positions in Taiwan. He also wants to increase defense spending and strengthen cooperation with America. Despite the gradual decline in his popularity, Takaichi still enjoys public support.