New Delhi, Oct. 22 -- Share prices have soared recently in Tokyo on hopes that conservative Japanese lawmaker

Sanae Takaichi,

who was

chosen Tuesday

to be Japan's first female prime minister, will double down on market friendly policies, including hefty spending on defense and cheap credit.

The benchmark Nikkei 225 share index climbed close to the symbolically important 50,000 level, gaining 0.7% to 49,517.57. Takaichi, a motorbike and heavy metal enthusiast, prevailed in a lower house parliamentary ballot that gave her 237 votes, above the 233 votes required to win.

Here's what might be expected from what has been dubbed "Sanaenomics:"

Inflation and wages are top concerns

Increases in consumer prices have surpassed the Bank of Ja...