The woman likely to be Japan's next prime minister has suggested that she will be in charge when it comes to monetary policy, setting herself up for a battle with the markets and Japanese households already upset about inflation.
“It’s the government that bears responsibility for both fiscal and monetary policy,” Sanae Takaichi said after being elected president of the Liberal Democratic Party on Saturday. Barring a last-minute challenge by the opposition — which is possible — she will become the prime minister of Japan within weeks.
Takaichi has long expressed pro-stimulus views, and her rise to power has rattled some economists and shaken a few markets on the possibility that Abenomics — the near-decade experiment in supereasy money and aggressive fiscal spending — will be making a
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