Japan's markets are set to scale new records as the Nikkei looks set to continue riding the "Takaichi trade."

Asia-Pacific markets were set for a higher open with Japan equities expected to lead gains in the region.

Japanese stocked jumped as markets opened on Monday morning, after prime minister Sanae Takaichi won a landslide victory.

Japan's Sanae Takaichi and her ruling Liberal Democratic Party overwhelmingly found the support of voters in a Sunday election, sweeping a supermajority.

Japan's markets are set to scale new records as the Nikkei looks set to continue riding the "Takaichi trade."

Japanese equities expected to scale fresh highs, but some warn that the rally may be treading on thin line.