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Japan’s Prime Minister Sanae Takaichi has promised to cut taxes and keep her cabinet intact as she celebrated her Liberal Democratic Party’s (LDP) landslide victory in Sunday’s general election. Takaichi’s pledge on Monday came as projections by the NHK broadcaster showed the conservative LDP securing 316 seats in the 500-member National Assembly and winning a “historic” two-thirds majority in the lower house. The win gives Takaichi a strong mandate to push her promised tax cuts and a $134 bn stimulus package. She says the plan won't endanger the nations finances. But the country has one of the biggest debt burdens among wealthy nations. Financial markets have been volatile because they're worried about how Japan will fund the increased spending. Seijiro Takeshita is the Dean at the University of Shizuoka's Graduate School of Management, Informatics and Innovation. He says Takaichi is using debt to fund expansion, rather than relying on previous austerity measures. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: / ajenglish Find us on Facebook: / aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: / aljazeeraenglish Download AJE Mobile App: https://aje.news/AJEMobile #Japan #JapanElection #SanaeTakaichi #JapanPolitics #JapanSnapElection2026 #JapanDefence #NorthKoreaThreat #JapanChinaTensions #JapanImmigration #AlJazeeraEnglish