Oct. 24 (UPI) -- Japan's new Prime Minister Sanae Takaichi delivered her first policy speech to the parliament Friday, focusing on economic security and boosting defense spending.

Takaichi, 64, became prime minister on Tuesday and is the first woman to lead Japan. She is the leader of the Liberal Democratic Party, which is conservative and nationalist.

She plans to pursue aggressive fiscal spending to revitalize Japan's economy and boost defense spending to address security challenges, she said in her speech Friday, Kyodo reported.

"Wage growth outpacing inflation is necessary, but simply leaving the burden to business will only make it harder for them," The Japan Times reported Takaichi said. She said her government will soon create an economic stimulus package backed by a supplementary budget.

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