Takaichi’s victory sends Japanese stocks soaring

Sanae Takaichi’s appointment as leader of the Liberal Democratic Party sent Japanese stocks to record highs. Her pro-business views and support for expansive fiscal policy and monetary easing saw the Nikkei 225 index grow, with real estate and technology shares rising. However, the yen sank to record lows against the euro, and Japanese government bonds remain under pressure. Naomi Fink, Chief Global Strategist at Amova Asset Management, discusses Sanae Takaichi’s win, commenting on: • Bond market’s concerns • BOJ’s balancing act and yield curves • Comparisons to Abenomics • Cross-party...