The Nikkei Index Soars by 1.9% on Expectations of Prime Minister Takaichi’s “Monetary Easing” Policy

[‘\nOn the 20th, the Tokyo stock market showed strength as Sanae Takaichi, the leader of Japan’s ruling Liberal Democratic Party (LDP), secured a coalition with the second opposition party, Nippon Ishin no Kai, increasing the likelihood of her becoming Prime Minister.’,
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, ‘As of 9:19 AM that day, the Nikkei 225, Japan’s benchmark stock index, rose 1.92% from the previous trading day to 48,496.’,
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, ‘This is attributed to the fact that the LDP and Nippon Ishin no Kai effectively agreed to form a coalition government over the weekend, thereby ensuring Takaichi’s election as Prime Minister in the election expected to be held tomorrow (the 21st).’,
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, ‘Takaichi has supported “Abenomics,” symbolized by a monetary easing policy, and advocated for aggressive fiscal policies during the LDP presidential election.’,
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, ‘Nihon Keizai Shimbun explained that “the likelihood of Takaichi being elected as Prime Minister has alleviated the political uncertainty, which in turn has improved investor sentiment,” analyzing the reasons behind the strong stock market.’,
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, ‘As of 9:17 AM, the yen/dollar exchange rate was 150.8 yen per dollar, up 0.80% from the previous trading day.’,
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