Asia-Pacific markets were set for a higher open Monday with Japanese equities expected to lead gains in the region after Japanese Prime Minister Sanae Takaichi won a landmark election victory.
The ruling Liberal Democratic Party captured a two-thirds supermajority in the 465-seat lower house, public broadcaster NHK reported.
“The administration has gained stronger momentum to pursue a major shift toward proactive fiscal policy, backed by a clear public mandate,” Crédit Agricole CIB wrote in a note following her victory.
Japan’s Nikkei 225
futures pointed to a stronger open. The Chicago contract stood at 57,765 while its Osaka counterpart was at 57,750, compared with the previous close of 54,253.68
