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JAPAN IS BACK: Nikkei Index Up 4% Since Conservative Takaichi’s Landslide Victory Gave Her a Two-Thirds Supermajority To Rule

Japan's Nikkei Stock Average rises nearly 4% following the election, with a smiling woman celebrating the market's positive performance.

Japan's Nikkei Stock Average rises nearly 4% following the election, with a smiling woman celebrating the market's positive performance.
Takaichi is bringing optimism to Japan’s markets.

The ‘Land of the Rising Sun’ is looking up.

Prime Minister Sanae Takaichi’s historic election win has investors going bullish on the idea that ‘Japan is back’, as the strong leader is expected to bring growth.

Nikkei Asia reported:

“On Sunday, Takaichi led her ruling Liberal Democratic Party to a landslide victory in a snap lower house election, securing a two-thirds supermajority — the largest post-war victory for any party.

The decisive outcome gives Takaichi a big legislative hammer to wield in promoting fiscal programs for key industries like artificial intelligence, semiconductors, defense, energy and space.”

Tweet from Donald Trump congratulating Prime Minister Sanae Takaichi on her landslide election victory, highlighting her leadership and the historic supermajority held by her party.

During the first news conference after the vote, the first female Japanese prime minister said that there has been a problem with an ‘overwhelming shortage of domestic investment’.

“’The government must “promote growth investment that allows advanced technologies to flourish’, she added.

[…] Japanese stocks jumped after the election. On Monday, the benchmark Nikkei Stock Average soared nearly 4% to mark a new closing-high. The stock rally continued on Tuesday, with the blue-chip gauge rising over 2% to a new intraday high. The broader Tokyo Stock Price Index (Topix) has also rallied to a fresh all-time intraday high.”

Donald Trump and a woman hold matching "Japan is Back" hats in an ornate room, symbolizing a diplomatic meeting between the U.S. and Japan.
President Trump and Japan’s first female Prime Minister, Sanae Takaichi, hold hats that say “Japan is Back.” Photo by White House.

Since October, when Takaichi became LDP leader and prime minister, Japanese stocks have surged around 30%, thanks partially to foreign investors.

“They bought a net 5.4 trillion yen ($34 billion) in Japanese stocks last year, data from the Tokyo Stock Exchange shows. It was the largest amount since 2013 when foreign capital was drawn to the idea of Abenomics — the signature policy of former Prime Minister Shinzo Abe — and its promises of fiscal stimulus. Takaichi is seeking to emulate the approach of her late mentor.”

Read more:

Japan’s Trump-Endorsed ‘Iron Lady’ Scores Landslide Victory in Japan — Securing Mandate For Deeper U.S. Ties

The post JAPAN IS BACK: Nikkei Index Up 4% Since Conservative Takaichi’s Landslide Victory Gave Her a Two-Thirds Supermajority To Rule appeared first on The Gateway Pundit.