Japan’s Nikkei stock index reached a new record high after Sanae Takaichi’s conservative party secured a decisive win in the recent election. The yen also appreciated by 0.5% against the US dollar, trading at ¥156.40 per dollar.
The election outcome gives Takaichi a mandate to advance her economic policies, which investors appear to have welcomed, boosting market confidence.
**Why this matters**
The strengthening yen and rising stock market reflect investor optimism about Japan’s economic direction under Takaichi’s leadership. Changes in fiscal and monetary policy could impact trade, inflation, and corporate earnings, influencing both domestic and global markets.
Source: NewsData