US EditionTakaichi Win to Boost Japanese Stocks
7 Articles
7 Articles
Takaichi Win to Support Japanese Stocks, Weigh on Yen, Bonds
Japan’s stock market will likely get support while the yen and long-term government bonds come under pressure following the surprise victory of pro-stimulus Sanae Takaichi in the nation’s ruling party leadership election.
Following the election of Takaichi Sanae as the new president of the Liberal Democratic Party, Governor Denny Tamaki said on the 4th that he would like to see "a forum created for the frank exchange of opinions" on issues such as the base problem facing Okinawa. He answered questions from reporters in Uruma City. The governor praised Takaichi's character, saying that she has "extensive experience and is very knowledgeable about policy."
In the Tokyo market at the start of the week, stock prices are expected to rise on expectations of economic stimulus measures following the unexpected victory of former Minister of Economic Security Sanae Takaichi in the Liberal Democratic Party presidential election, but there is a growing view that the yen and ultra-long-term government bonds will come under downward pressure due to the accommodative monetary and fiscal policy stance.
Equities Surge, Yen Slides: Japan’s Markets React to Takaichi’s Economic Vision
Japanese financial markets were jolted into motion this week as Sanae Takaichi secured leadership of the ruling Liberal Democratic Party (LDP), all but confirming her as Japan’s next prime minister. The result triggered a strong rally in equities, a selloff in government bonds, and renewed downward pressure on the yen—signaling that investors are recalibrating expectations for Japan’s economic future under Takaichi’s watch. With promises of aggr…
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