FT News Briefing Japan’s transformational coalition deal
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Oct 21, 2025 European leaders are uniting to support Ukraine, with discussions on utilizing frozen Russian assets for vital loans. In Japan, a groundbreaking coalition deal positions Sanae Takaichi to potentially become the first female prime minister. Meanwhile, a major outage at Amazon Web Services has highlighted our reliance on cloud technology. Marc Rowan, CEO of Apollo Global Management, criticizes the conflicting regulatory environment in Europe, stating it's in a state of internal conflict over financial reform.
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Europe Moves To Use Frozen Russian Assets
- European leaders rushed to repurpose Russian frozen assets to fund a €140bn loan for Ukraine.
- The push followed a tense Trump‑Zelensky meeting that intensified urgency among EU ministers.
Takaichi’s Last‑Minute Coalition Rescue
- Sanae Takaichi nearly lost the prime ministership after coalition partner Komeito pulled out unexpectedly.
- She sealed a last‑minute deal with the Japan Innovation Party to secure enough parliamentary votes and governability.
Policy Demands And Market Reaction
- The Japan Innovation Party demanded MP cuts and Osaka's elevation as deputy capital.
- Markets rallied on expectations Takaichi will deliver fiscal stimulus and higher defence spending.