TOKYO/BEIJING, Jan 27 (Reuters) - Prime Minister Sanae Takaichi said Japan's strategic alliance with the U.S. would collapse if Tokyo were to turn away from a conflict in Taiwan, but distanced herself from previous comments that suggested a possible military response in such an event.

Sanae Takaichi, the first woman to lead Japan as prime minister, skipped a sumo awards ceremony, reflecting her cautious approach to gender issues.

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Japan–US alliance would collapse if Japan “ran home” instead of acting in the event of an attack on US forces during a Taiwan crisis, Sanae Takaichi says.

TOKYO — Japanese Prime Minister Sanae Takaichi said the alliance between Tokyo and Washington would collapse if Japan failed to act in the event of an attack on the US military during a conflict in Taiwan.

Shorting Japan’s government bond market has long been a “widow maker” trade. Many tried it over the last 15 years; few, if any, found real success.