Japan’s ruling party picked conservative nationalist Sanae Takaichi as its head on Saturday, putting her on course to become the country’s first female prime minister in a move set to jolt investors and neighbors. The Liberal Democratic Party, which has ruled Japan for almost all of the postwar era, elected Takaichi, 64, to regain trust from a public angered by rising prices and drawn to opposition groups promising stimulus and clampdowns on migrants.

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