Sanae Takaichi, who is expected to become Japan's next prime minister, chose former premier and party heavyweight Taro Aso on Tuesday as vice president of her ruling party, a move some analysts saw as a restraining force against big fiscal spending.

Japan’s ruling Liberal Democratic Party elected former Economic Security Minister Sanae Takaichi, a hard-line conservative, as its new leader, putting her on track to become the country’s first woman prime minister later this month.

A Japanese nationalist party led by fiery anti-globalist Sohei Kamiya was among the biggest winners in this summer’s parliamentary election.

Sanae Takaichi was elected leader of Japan’s governing Liberal Democratic Party and is likely to become the U.S. ally’s next prime minister.

The yen weakened to a two-month low against the dollar on Tuesday as attention in Japan turned to who may join the cabinet of fiscal dove Sanae Takaichi after her party leadership victory.

Japan’s Prince Hisahito is the first male royal to reach adulthood in 40 years. Many people in Japan worry he could be the last.

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