Japan’s new Prime Minister Takaichi Sanae, known for her conservative approach, has been making headlines across various topics such as immigration, national security and energy. An ally of President Trump and deeply involved with his first presidency during Shinzo Abe’s tenure as prime minister, last month’s Takaichi-Trump summit revealed her intent.
Takaichi is not driving for an energy revolution with a strong left to right swing as seen in the U.S., Australia and other G7 markets. Tightening up on poor environmental protections from some renewables operators, putting economic sense at the forefront of investment decisions, and doubling down on energy security are just some of her key goals.
Energy and infrastructure is a long-play game, investment decisions and talent needs are shaped by upstream policy decisions. For both employers and employees, understanding risks and opportunities is key. Let’s dive into sectors where growth can be expected, take note of segments at risk, and consider how the industry can align with political goals.