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Sanae Takaichi is the talk of the town.
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Today’s Agenda

Team T.S. or S.T.?

Depending on which intellectual and cultural circles you orbit, you likely were focused on one of two women over the weekend:

Aside from sharing the reverse of each other’s initials, Taylor Swift and Sanae Takaichi — who is likely to become Japan’s first-ever female prime minister — have a great deal in common. They’re both musicians. They’ve dabbled with motorcycles. They’re setting new records. They’re unabashed workaholics. And if one were to print out all the thought pieces written about them, there’d be enough lore to fill a public library.

“The prospect of a new Japanese leader doesn’t always generate international excitement,” writes Gearoid Reidy, but Takaichi’s victory to helm the Liberal Democratic Party came as quite the shock:

But unlike Swift, Takaichi is the stuff of right-wing dreams: Gearoid says she’s “the most conservative choice the party could have made, if not the most right-leaning leader in recent history.” Naturally, US President Donald Trump sent his congrats to Japan over his Truth Social transom, calling Takaichi a “highly respected person of great wisdom and strength.”

Such a robust endorsement from MAGA-land would raise eyeballs all on its own, but the gossip mill had a head start. “Many want to make Takaichi out to be not just a right-winger or a conservative but an ‘ultranationalist,’ a radical, or a female Donald Trump,” says Gearoid. Yet the situation is far more nuanced than nicknames — “Taliban Takaichi” and “Iron Lady”— and comparisons — Giorgia Meloni — afford. “I realized last year for the first time that people might have thought of me as a very extreme, right-wing conservative,” Takaichi said recently. “I think I’m an extremely ordinary Japanese person.”

Although most “extremely ordinary” people cannot claim to have a resume as varied as Takaichi — she was a former newscaster, amateur metal drummer and motorcycle enthusiast — she is working to moderate her policies. “Much of her platform would hardly be considered extreme in many countries — it centers on constitutional reform and a strong military,” Gearoid writes.

As for the economy, “investors assume Takaichi will administer a second dose of Abenomics, and history makes clear why they like that,” writes John Authers.

But Gearoid disagrees, saying predictions of Abenomics 2.0 go a bridge too far. “Takaichi in the past has certainly been an advocate for free-spending policies. But the LDP isn’t in a position to force through such radical plans these days,” he notes. In the coming months, the apparent prime minister will no doubt write her own music for Japan. Whether the nation ends up having an ear for heavy metal is another story.

Brace Yourself for a Chaotic Week

What a pleasant respite it is to read about something other than US politics! Too bad I have to ruin it by giving you this list:

  1. The Supreme Court started back up again on Monday and Noah Feldman says it’s going to be the most consequential term in modern history. No pressure!
  2. The FBI reportedly wants to send “large, beefy” agents to publicly humiliate James Comey on a “perp walk” à la LuigiBarbara McQuade is aghast that the world’s greatest law enforcement agency would stoop so low, but everything is reality TV these days.
  3. In between completing push-up records and firing military leaders, Gautam Mukunda says Department of War chief Pete Hegseth continues to teach a masterclass in bad leadership.
  4. Florida is giving away 2.63 acres of land so that President Trump can immortalize himself with a library, of all things. Just one minor catch, says Mary Ellen Klas: “The location is adjacent to Miami’s iconic Freedom Tower, a symbol of liberty and democracy in a city powered by Latin American immigrants.”
  5. Trump is hoping to secure a certain international accolade on Friday for his brokering of hostage deals, but neither Israel nor Hamas seems particularly happy with the US peace plan. “In a week, any motivation provided by a quick Nobel Peace Prize will have passed for at least another year,” Marc Champion warns.

Whew! That’s almost enough news to forget that there’s a shutdown in Washington. Erika D. Smith says all work on fair housing has come to a screeching halt — just one instance of how the Republican party is working to hobble institutions that promote the public good.

Telltale Job Charts

America’s trade war is rearing its ugly head in Asia. Karishma Vaswani says the crusade against globalization is creating a bleak economic future for Gen Z. “Youth unemployment in parts of Asia is consistently two to three times higher than national averages,” she writes, and “these problems are only likely to intensify because of the challenges posed by AI.” Meanwhile, Mihir Sharma says Indian Americans haven’t exactly pushed back against the Trump administration’s visa and trade policies. “We thought the Indian-American community was our strength, a solid constituency that would be both an argument and an advocate for closer ties,” he writes, but it turns out that “they are Americans first and Indians not at all.”

Yet the picture isn’t all that rosier in the US. Kathryn Anne Edwards says America is failing to help the NEETs — individuals Not Employed, Enrolled or in Training — get the job assistance they need. “There are three primary reasons why a working-age adult — young or old — would be out of the labor force and not in some kind of educational or training program: They are discouraged by the labor market, have some kind of disability, or are a caregiver,” Kathryn writes. Policy can help people overcome those obstacles, yet she says “there has been very little time or energy spent on ways to address this problem.”

Further Reading

The US needs better ways to defend against drones. — Bloomberg editorial board

The shift away from motherhood is happening slowly but surely. — Abby McCloskey

Ayanna Pressley is exactly what the Senate Democrats need. — Nia-Malika Henderson

The oil market’s 2026 tsunami will carry a flood of financial risks. — Javier Blas

This New Jersey gubernatorial hopeful has expensive taste — and not in a good way. — Matthew A. Winkler

With every stumble, Macron’s lame-duck status looks more like a sitting duck. — Lionel Laurent

The Labour Party’s annual conference is worth emulating in the US. — Rosa Prince

ICYMI

Bari Weiss is winning.

Mark Sanchez faces a felony charge.

Walmart bought a shopping mall.

A tragic bear attack in Arkansas.

Kickers

Purdue’s football team is cursed.

Gen Z flips out over flip phones.

Hungry microbes could cool the planet.

Notes: Please send LG Chocolates and feedback to Jessica Karl at jkarl9@bloomberg.net.

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