Home World News Nikkei index breaks record after Prime Minister Sanae Takaichi’s election victory

Nikkei index breaks record after Prime Minister Sanae Takaichi’s election victory

The Nikkei 225 index in Tokyo, which tracks the performance of Japan’s largest companies, hit a new record on Monday after Prime Minister Sanae Takaichi’s ruling Liberal Democratic Party secured a two-thirds majority in the lower house over the weekend. Takaichi ran on an ambitious big-spending agenda, welcomed by investors, although concerns over the country’s debt load –around 230% of GDP – are likely to persist.

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