Reported 3 days ago
Japan's stock market soared to record highs following Sanae Takaichi's expected confirmation as the next prime minister, which raised hopes for increased government spending and relaxed monetary policy. The Nikkei 225 Index rose 5%, while the yen fell nearly 2% against the dollar and hit a historic low against the euro. Takaichi's fiscal agenda contrasts with the previous administration's hawkish stance, but questions remain about her ability to implement it amidst a minority government, leading to fluctuating market expectations for future interest rate hikes by the Bank of Japan.
Source: YAHOO