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Stock market investors and currency traders cheered when Sanae Takaichi, a protege of former prime minister Shinzo Abe and proponent of his stock market-friendly Abenomics, rose in polls and won the ruling Liberal Democratic Party’s (LDP) first-round presidential election last Friday.
As political miscalculations go, it’s hard to top Shigeru Ishiba’s decision to hold a snap election Sunday, just 30 days after his own shock rise to Japan’s premiership.
TOKYO – Who needs Las Vegas or Macau when betting on how low the yen can go is the best game anywhere?
There was some reason for cheer among Japanese commentators on February 22. The Nikkei 225, Japan’s flagship stock index, finally reattained its previous peak from 1989:
TOKYO — There’s no shortage of reasons to worry “irrational exuberance” is coursing through Japan’s stock market.