Japan made history of its own on Tuesday by electing its first female prime minister, Sanae Takaichi, a self-declared admirer of the "Iron Lady."

Japan’s parliament has elected Sanae Takaichi as the country’s first female prime minister, as Tokyo stocks hit a record high on investor optimism over her government’s policies.

"Those are part of the character that is promoted by her, that [she is] more than just the strong Iron Lady, but also somebody who can have some fun," Hall says.