By Kantaro Komiya and Tim Kelly

TOKYO (Reuters) -Formed in 2010 to shake up Japan’s political establishment and loosen Tokyo’s administrative stranglehold, the Japan Innovation Party, known as Ishin, is now set to help the ruling Liberal Democratic Party extend seven decades of dominance.

The opposition group from industrial Osaka, Japan’s No. 2 metropolis, said it is ready to ally with the LDP, all but guaranteeing its new hardline conservative leader Sanae Takaichi will become the country’s first female prime minister when parliament picks a new premier on Tuesday.

“Politics should be about taking risks when necessary to open up new paths,” Ishin leader and Osaka Governor Hirofumi Yoshimura said on Monday during a television interview, as his party finalised its partnership deal with

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