BANGKOK – Tokyo’s Nikkei 225 share index jumped as much as 5% to a record on Monday after Japanese Prime Minister Sanae Takaichi’s governing party secured a two-thirds supermajority in a parliamentary election.
The Nikkei ended up 2,110.26 points from Friday to close at 56,363.94, having briefly topped 57,000 for the first time to set a new record.
The landslide victory gives Takaichi a much stronger mandate to pursue market-friendly policies, though the impact on Japan’s currency and bond markets may not be quite so positive.
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Source: https://japantoday.com/category/business/tokyo-benchmark-nikkei-225-jumps-after-pm-takaichi’s-ruling-party-wins-a-super-majority-in-election?
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