{"id":26139,"date":"2025-11-06T07:25:13","date_gmt":"2025-11-06T06:25:13","guid":{"rendered":"https:\/\/www.bordier.com\/?p=26139"},"modified":"2026-03-30T04:06:56","modified_gmt":"2026-03-30T03:06:56","slug":"the-takaichi-trade","status":"publish","type":"post","link":"https:\/\/www.bordier.com\/fr\/the-takaichi-trade\/","title":{"rendered":"The Takaichi Trade"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"26139\" class=\"elementor elementor-26139\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"has_ae_slider elementor-element elementor-element-8a9542e e-flex e-con-boxed ae-bg-gallery-type-default e-con e-parent\" data-id=\"8a9542e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e5ec2ba elementor-widget elementor-widget-heading\" data-id=\"e5ec2ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">\/ Monthly Market Update  - <em>November 2025<\/em><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5aea53f elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"5aea53f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">The <em>Takaichi<\/em> trade<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0141ae elementor-widget__width-initial elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-hidden-widescreen elementor-widget elementor-widget-heading\" data-id=\"f0141ae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><em>The humanoid robots \u2013 science fiction or strategically important reality <\/em><\/h5>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ce1887 btn-red icon-right-arrow bg-grey elementor-widget elementor-widget-button\" data-id=\"9ce1887\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/wp-content\/uploads\/2025\/11\/Bordier-Monthly-Update-November-2025.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download pdf<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-8bb2ceb e-con-full e-flex ae-bg-gallery-type-default e-con e-parent\" data-id=\"8bb2ceb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-070d46f e-con-full elementor-hidden-mobile e-flex ae-bg-gallery-type-default e-con e-child\" data-id=\"070d46f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ab25fb7 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"ab25fb7\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h3&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;bullets&quot;,&quot;icon&quot;:{&quot;value&quot;:&quot;&quot;,&quot;library&quot;:&quot;&quot;},&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;],&quot;sticky_offset&quot;:80,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_widescreen&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__ab25fb7\" aria-expanded=\"true\" aria-label=\"Ouvrir la table des mati\u00e8res\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__ab25fb7\" aria-expanded=\"true\" aria-label=\"Fermer la table des mati\u00e8res\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__ab25fb7\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-bd2e846 e-con-full e-flex ae-bg-gallery-type-default e-con e-child\" data-id=\"bd2e846\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5621b7d elementor-widget elementor-widget-heading\" data-id=\"5621b7d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Insights<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eff1994 elementor-widget elementor-widget-heading\" data-id=\"eff1994\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Takaichi Takes the Helm<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aaeb5b4 elementor-widget elementor-widget-text-editor\" data-id=\"aaeb5b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>It was third time lucky for Sanae Takaichi, a prot\u00e9g\u00e9 of the late Shinzo Abe, who has made history as Japan\u2019s first female prime minister. The 64-yearold emerges as the fourth leader in five years from the scandal-battered Liberal Democratic Party (LDP). Once the undisputable force of post-war Japanese politics, the LDP has in recent years seen its grip weaken: it has lost its majority in both houses of parliament, and its decades-long coalition with the socially conservative Komeito party fractured last October over disputes about campaign finance and anti-corruption reforms.<\/p><p>After assuming the LDP\u2019s leadership, Ms Takaichi stitched together a new alliance with the Japan Innovation Party, a smaller conservative faction, giving her just enough parliamentary backing to clinch the top job. Now, she inherits a daunting in-tray. <strong>She has pledged to tackle inflation and surging living costs<\/strong>\u2014issues that have eroded household purchasing power and voter patience alike. An even greater challenge looms in reversing Japan\u2019s demographic decline: the population shrank by 0.75% in 2024, the sharpest drop since records began in 1968, and fertility remains among the lowest in the developed world.<\/p><p>Foreign policy may prove equally testing. Ms Takaichi has met with President Donald Trump to discuss defence and trade, including a mooted US$550 billion Japanese investment package whose details remain murky. The two leaders appear ideologically aligned, both favouring a brand of populist conservatism that prizes national strength and economic self-reliance.<\/p><p>Closer to home, she must navigate an increasingly assertive China. Once a fierce critic of Beijing\u2014she once declared that \u201cJapan is completely looked down on by China\u201d\u2014Ms Takaichi has recently moderated her tone, notably avoiding this year\u2019s controversial visit to the Yasukuni Shrine honouring Japan\u2019s war dead. The recalibration hints at a pragmatic turn as she <strong>seeks to balance national security with economic diplomacy.<\/strong><\/p><p>Markets, for now, are giving her the benefit of the doubt. Investors have cheered her victory and reformist rhetoric, sending <strong>Japan\u2019s Nikkei 225 past the 50,000 mark for the first time in its 75-year history\u2014well above the previous bubble-era peak of 1989<\/strong>. Whether Ms Takaichi can convert this burst of confidence into lasting political and economic renewal is the question that will define her premiership. Ms Takaichi faces the twin tests of domestic credibility and international influence.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac82c1d elementor-widget elementor-widget-image\" data-id=\"ac82c1d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img alt=\"\" fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"517\" src=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-1-768x517.jpg\" class=\"attachment-medium_large size-medium_large wp-image-26149\" alt=\"\" srcset=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-1-768x517.jpg 768w, https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-1-300x202.jpg 300w, https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-1.jpg 873w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2fdd4af elementor-widget elementor-widget-heading\" data-id=\"2fdd4af\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Sanaenomics - Japan\u2019s Recalibrated Economic Agenda<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cec39a6 elementor-widget elementor-widget-text-editor\" data-id=\"cec39a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Sanae Takaichi\u2019s ascent also signals the debut of \u201c<strong>Sanenomics<\/strong>\u201d \u2014 a continuation, yet <strong>reconfiguration, of the late Shinzo Abe\u2019s economic plan<\/strong>. A long-time disciple of Abe\u2019s policies, Japan\u2019s new prime minister keeps faith with the \u201cthree arrows\u201d of Abenomics \u2014 easy money, generous fiscal spending, and structural reform \u2014 but with a sharper focus. Sanenomics seeks to harness fiscal spending not merely as stimulus, but as strategic investment \u2014 channelling funds toward technological competitiveness, supply-chain resilience, and industrial upgrading. Monetary policy will be loose but underpinned by a stronger dose of structural guidance.<\/p><p>Domestically, Ms Takaichi\u2019s economic agenda mixes populist gestures with pragmatic aims. She has <strong>vowed to curb inflation, abolish the provisional gasoline tax, and raise the income tax-free threshold to relieve pressure on households.<\/strong> A newly established Growth Strategy Council will steer efforts to revitalise Japan\u2019s economy and boost productivity. Notably, she has ruled out major reforms to the country\u2019s social welfare system \u2014 a politically cautious move given Japan\u2019s ageing population and widening fiscal strain.<\/p><p>Her foreign-policy outlook remains anchored in Abe\u2019s vision of a \u201cFree and Open Indo-Pacific.\u201d Ms Takaichi has pledged to deepen ties with the United States and the Quad alliance, while reinforcing deterrence across the region. She has taken a hawkish stance toward China and North Korea, promising to <strong>lift defence spending to 2% of GDP by March 2026<\/strong>\u2014two years ahead of schedule.<\/p><p>\u201cThe free, open and stable international order that we were accustomed to is being violently shaken,\u201d she told parliament, citing the military assertiveness of China, North Korea, and Russia. Her planned security overhaul could grant Japan\u2019s Self-Defence Forces a more offensive role, ease restrictions on arms exports, and expand the defence budget.<\/p><p>How she will finance these ambitions, however, remains unclear: <strong>Japan\u2019s debt is already around 250% of GDP<\/strong>, leaving limited room for fiscal manoeuvre.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a32d42 elementor-widget elementor-widget-image\" data-id=\"6a32d42\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img alt=\"\" decoding=\"async\" width=\"768\" height=\"499\" src=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-2-768x499.jpg\" class=\"attachment-medium_large size-medium_large wp-image-26157\" alt=\"\" srcset=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-2-768x499.jpg 768w, https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-2-300x195.jpg 300w, https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-2.jpg 785w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-695ab62 elementor-widget elementor-widget-text-editor\" data-id=\"695ab62\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Ms Takaichi\u2019s first overseas visit, to Malaysia for the Japan\u2013ASEAN summit in late October, underscored her bid to position Tokyo as a stabilising force in the region. Both sides agreed to deepen cooperation on defence equipment, artificial intelligence, and economic integration a move ASEAN described as promoting cooperation, not confrontation.<\/p><p>For all her assertive rhetoric, fiscal realities may temper her ambitions. Finance Minister Katayama is thought to favour a balanced, pragmatic approach, wary of policies that could trigger <strong>yen depreciation<\/strong>. Even so, more aggressive fiscal expansion cannot be ruled out if growth falters.<\/p><p>Should Ms Takaichi succeed, she could redefine Japanese conservatism and cement her place in history as the country\u2019s first female leader to deliver durable reform. If she fails, comparisons to Margaret Thatcher may fade swiftly replaced by those to Liz Truss, another female leader undone by market turbulence and unmet expectations.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f05b36f elementor-widget elementor-widget-heading\" data-id=\"f05b36f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Trump Takaichi Meeting<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-242ddf7 elementor-widget elementor-widget-text-editor\" data-id=\"242ddf7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>n a symbolic and substantive demonstration of Japan\u2019s alignment with Washington, Ms Takaichi hosted President Trump with the full ceremonial flourish: state dinners featuring American produce reimagined with Japanese ingredients, and a gift of Abe\u2019s golf putter.<\/p><p>On 28 October, the leaders signed memoranda of understanding to expand cooperation in shipbuilding, artificial intelligence, and other strategic technologies. The agreements follow Japan\u2019s concession to reduce threatened tariffs on its exports, with <strong>Tokyo pledging $550 billion in investment in the U.S. through January 2029<\/strong>.<\/p><p>Security and supply-chain concerns were also addressed. The two nations announced a framework to secure rare earths and critical minerals, aimed at reducing dependence on China. Details were light, with the pledge limited to jointly identify projects of interest to address gaps in supply chains, leaving investors eager for concrete commitments.<\/p><p>The meeting underscored Ms Takaichi\u2019s twin priorities: aligning economic strategy with strategic security while signalling to markets and allies that <strong>Japan is prepared to play an initiative taking global role.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-323749f elementor-widget elementor-widget-heading\" data-id=\"323749f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Market Implications<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d5e538 elementor-widget elementor-widget-text-editor\" data-id=\"8d5e538\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The U.S.\u2013Japan partnership and the broader policy agenda have immediate and longer-term implications for markets. In the <strong>short term, defence, trading houses, materials and mining, semiconductor equipment, and energy sectors are beneficiaries. Medium- and long-term gains could accrue to nuclear technology, shipbuilding, and advanced manufacturing.<\/strong><\/p><p>Fiscal expansion may increase government bond supply, potentially steepening the yield curve, while monetary policy normalization may slow, weighing on the yen. Over the medium term, however, the currency may regain support as the U.S. moves into an interest-rate-cutting cycle. Yen carry trades could continue to inject liquidity into global markets, providing a modest boost to risk appetite.<\/p><p>Japan\u2019s equity performance has broader regional implications. A <strong>sustained bull market in Japanese stocks often triggers capital flows into other Asian risk assets.<\/strong> Investor confidence in Japan could encourage reallocations toward markets with lower valuations and improving policy environments.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8502bab elementor-widget elementor-widget-heading\" data-id=\"8502bab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Thematic Opportunities:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed8fa13 elementor-widget elementor-widget-text-editor\" data-id=\"ed8fa13\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Takaichi\u2019s policy agenda points to structural opportunities in three strategic themes: AI\/semiconductors, energy\/nuclear, and defence.<\/p><p>The table highlights leading <strong>Japanese listed companies<\/strong> positioned to benefit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c591c42 elementor-widget elementor-widget-heading\" data-id=\"c591c42\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Advertising revenue - a cap on growth<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae74f3a elementor-widget elementor-widget-image\" data-id=\"ae74f3a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img alt=\"\" decoding=\"async\" width=\"768\" height=\"463\" src=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-3-768x463.jpg\" class=\"attachment-medium_large size-medium_large wp-image-26153\" alt=\"\" srcset=\"https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-3-768x463.jpg 768w, https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-3-300x181.jpg 300w, https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-3-1024x618.jpg 1024w, https:\/\/www.bordier.com\/wp-content\/uploads\/2025\/11\/monthly-nov-chart-3.jpg 1255w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08e7c3d elementor-widget elementor-widget-heading\" data-id=\"08e7c3d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-325cca3 elementor-widget elementor-widget-text-editor\" data-id=\"325cca3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Sanae Takaichi\u2019s premiership is shaping a market environment where strategic policy alignment, fiscal backing, and technological ambition converge. Investors seeking thematic exposure can focus on AI\/semiconductors, next-generation nuclear and energy infrastructure, and defence modernization. While opportunities are clear, execution risk, project timelines, and geopolitical dynamics remain critical considerations for long-term outcomes<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7fb6d0c elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-hidden-widescreen elementor-widget elementor-widget-text-editor\" data-id=\"7fb6d0c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><strong>Disclaimer\u00a0<\/strong><\/p><p>The documents herein are issued for general information purposes only. Views and opinions contained herein are those of Bordier &amp; Cie. Its contents may not be reproduced or redistributed. The user will be held fully liable for any unauthorised reproduction or circulation of any document herein, which may give rise to legal proceedings. All information contained herein does not constitute any investment recommendation or legal or tax advice and is provided for information purposes only. Please refer to the provisions of the legal information\/disclaimer page of this website and note that they are fully applicable to any document herein, including and not limited to provisions concerning the restrictions arising from different national laws and regulations. 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