Japan stocks hit record as Sanae Takaichi becomes prime minister
‘Takaichi trade’ reflects optimism that ruling coalition will increase defence spending and cut some taxes
‘Takaichi trade’ reflects optimism that ruling coalition will increase defence spending and cut some taxes

Prime minister will command government with biggest majority in decades

Shares surge on hopes the arch-conservative LDP leader’s policies favour growth and equity markets

Sanae Takaichi hopes to convert personal popularity into solid electoral gains for ailing ruling party in expected snap vote

Surge in equities comes ahead of President Donald Trump’s visit to Tokyo

Prime minister has vowed ‘responsible fiscal expansion’ as she heads for an election but needs to convince debt managers

Veteran politician Sanae Takaichi has called for a return to ‘Abenomics’ to rejuvenate ailing ruling party