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09 Feb 2026
Japan stocks surge to record, bonds slide with yen on Takaichi's landslide election win
Summary
Japanese stocks surged to record highs after Prime Minister Sanae Takaichi’s landslide election win, giving her a mandate to pursue big spending plans and tax relief. The win also strengthens her position to pass legislation without needing to negotiate with other parties. However, bond yields rose and the yen weakened, reflecting market concerns about potential fiscal irresponsibility.