Japan Stocks Soar, Yen Slumps as Takaichi Win Fuels “Abenomics 2.0” Bets
Japan’s financial markets surged Monday in response to the election of Sanae Takaichi as leader of the ruling Liberal Democratic Party, positioning her to become the country’s first female prime minister. Equities rallied sharply, with the Nikkei 225 jumping about 5% to record highs, while the yen and long-term bonds tumbled. The move caught investors…