Sanae Takaichi wins historic vote to become Japan's first female prime minister

Sanae Takaichi has been elected Japan's prime minister by its parliament, making her the first woman to hold the office, BBC reported.

The 64-year-old won a clear majority on Tuesday - 237 votes in the powerful Lower House and another 125 in the Upper House - as leader of the ruling Liberal Democratic Party (LDP).

A staunch conservative and admirer of the late former UK PM Margaret Thatcher, Takaichi takes over at a challenging economic moment as Japan grapples with a rising cost of living and a frustrated public. 

It's also been an uncertain time for the world's fourth-largest economy. She is the fourth PM in just five years, after her predecessors' terms were cut short by plunging ratings and scandals, according to BBC.