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Japan Election

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Takaichi’s LDP Victory Sparks Yen Rally and Dow Breakthrough Above 50,000
markets19 days ago

Takaichi’s LDP Victory Sparks Yen Rally and Dow Breakthrough Above 50,000

Japan’s Sanae Takaichi-led LDP won a sweeping supermajority, giving her latitude to push defense spending and tax policy; the yen firmed to about 156.9 per dollar and Tokyo stocks hit records. In U.S. markets, futures were higher and the Dow closed above 50,000 for the first time, with the S&P 500 and Nasdaq rising as tech stocks rebounded after a week of big losses totaling more than $1 trillion in market value. Other notes include a U.S.–India trade framework with agricultural access friction, Trump’s removal of a 25% tariff on Indian oil from Russia, Luckin Coffee opening its first high-end Shenzhen store, and SpaceX/xAI shaping Elon Musk’s path to a potential trillionaire fortune.

Japan's LDP on track for a sweeping win under PM Takaichi
world19 days ago

Japan's LDP on track for a sweeping win under PM Takaichi

Exit polls project a landslide for Japan's Liberal Democratic Party under first female prime minister Sanae Takaichi, with NHK estimates of 274–328 seats for the LDP and 302–366 when including its coalition partner, the Japan Innovation party. A win would give the ruling bloc control of parliamentary committees and possibly a super‑majority to push budgets and reforms. Takaichi has pitched a large stimulus and a two‑year tax cut on food, but faces debt concerns and tensions with China over Taiwan. Snowy weather reduced turnout to about 21.6% with polling disruptions; final results were expected later Sunday as the main opposition party faced losses.

Yen Strengthens Amid Japan Election Uncertainty and Market Fluctuations
financial-markets7 months ago

Yen Strengthens Amid Japan Election Uncertainty and Market Fluctuations

The yen recovered slightly after Japan's ruling coalition lost its majority in the upper house, causing short-term political uncertainty but not a major market upheaval. Hong Kong stocks reached their highest since 2021, while US futures edged up. The US and EU are navigating trade tensions, and China increased shipments of rare earth magnets amid supply concerns. Overall, markets are reacting cautiously to political and geopolitical developments.