Ken Wong, Asia Equity Portfolio Specialist at Eastspring, says Japanese Prime Minister Sanae Takaichi's call for a snap election was a necessary move. He states that she needs to garner momentum to implement her fiscal policies and continue driving growth and recovery in Japan.

Since taking office last October, Sanae Takaichi has enjoyed high public support.

Prime Minister Sanae Takaichi said she would dissolve the lower house of parliament to hold snap elections on February 8.