The Liberal Democratic Party is expected to win 316 seats in Japan’s 500-member House of Representatives, its best result since its founding in 1955.

Japanese Prime Minister Sanae Takaichi pledges to cut taxes and keep cabinet intact as she celebrates her inauguration Liberal Democratic Party (LDP) A landslide victory in Sunday’s general election.

Takaichi’s pledge on Monday came as broadcaster NHK predicted the conservative Liberal Democratic Party would gain 316 seats in the 500-member National Assembly and win a “historic” two-thirds majority in the lower house.

The result was the LDP’s best since its founding in 1955, surpassing the record of 300 seats won in 1986 under then Prime Minister Yasuhiro Nakasone.

The LDP’s junior partner, the Japan Innovation Party, won 36 seats, while the main opposition centrist Reform Alliance retained only 49 of the 172 seats it had previously held.

Analysts attributed the LDP’s victory to the overwhelming popularity of Japan’s first female leader, Koichi, and said it would allow her to seek major changes in Japan’s security, immigration and economic policies.

Takaichi said in an interview with NHK television on Monday that she would emphasize policies aimed at making Japan strong and prosperous.

She told NHK that she would push for a consumption tax cut in line with the LDP’s promise. During the campaign, the ruling party said it would suspend the 8% food sales tax for two years to ease the cost of living for families.

Gao Yi said: “Most political parties favor reducing consumption taxes, such as reducing food taxes to zero, or reducing them to 5%, or reducing all commodity taxes to 5%.”

“The Liberal Democrats are also calling for a consumption tax cut. I strongly hope that a cross-party forum will be established to speed up discussions on this because it is a big issue.”

Takaichi also said she would not make any changes to the cabinet, calling it an “excellent team.”

Keidanren, the head of Japan’s top business lobby, also welcomed the result, saying it would help restore political stability.

“The Japanese economy is currently at a critical juncture in achieving sustainable strong growth,” Tsutsui Yoshinobu said.

USA president donald trumpSupporters of Gao Yi before the election posted messages on social media congratulating her and wishing her “great success.”

South Korean President Lee Jae-myung also expressed congratulations and said he hoped to see her in Seoul soon.

Leaders from India, Italy and Taiwan also welcomed Gaoyi’s victory.

Al Jazeera’s Patrick Ho reported from Tokyo that Taiwanese President Lai Ching-te’s message to Taiwan could unsettle China.

“Keep in mind that Takashi sparked China’s anger after suggesting that Japan might intervene in China’s attack on Taiwan,” he said, referring to the diplomatic storm the Japanese leader sparked shortly after taking office last year.

“How she handles relations between Tokyo and Beijing may determine Japan’s foreign policy,” Huo added.

China considers Taiwan to be part of its territory and has been closely monitoring market and public opinion poll results.

A strong mandate for Takaichi could also accelerate her plans to bolster military defenses, which Beijing sees as an attempt to revive Japan’s militaristic past.

“Beijing will not welcome a high-market victory,” said David Boling, head of the Asia Group, which advises companies on geopolitical risk.

“The reality now facing China is that she is firmly entrenched and her efforts to isolate her have completely failed,” Bolling told Reuters.