US EditionBREAKING NEWS: Nikkei Index Jumps over 5% After Takaichi Becomes Japan Ruling Party Chief
4 Articles
4 Articles
'Takaichi trade' signals belief in a Japanese revival
Global investors sat up and took notice on Monday as Japan’s markets surged higher. The Nikkei 225 leapt 4.5% to record territory and the yen tumbled below the symbolic 150 to the US dollar mark after Sanae Takaichi’s victory in the ruling Liberal Democratic Party’s (LDP) leadership race, setting her on course to become Japan’s […] The post ‘Takaichi trade’ signals belief in a Japanese revival appeared first on Asia Times.
Sanae Takaichi, former Japanese Minister of Economic Affairs and Security and current member of the House of Representatives, was elected the 29th president of the Liberal Democratic Party on the 4th, making her the nation's first female prime minister. Analysts believe she will promote easing policies and increase spending. Japanese stocks celebrated the election on the 6th, with the Nikkei 225 index surging over 2,000 points, a nearly 5% gain.
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