Japan’s Nikkei 225 hit a record high on Monday, surpassing the 57,000 level with a 3.4% rise following Prime Minister Sanae Takaichi’s decisive “supermajority” victory in Sunday’s general election, according to Nikkei Asia.
This political mandate gave the green light to Takaichi’s aggressively expansionary fiscal agenda, which includes a massive $135 billion stimulus package aimed at revitalizing the economy through infrastructure spending and tax cuts.
The “Takaichi Trade” caused a global domino effect, driving gold prices past the $5,000 per ounce milestone and pushing bitcoin to a brief peak of $72,000, before settling back above $70,000 during morning trading hours in Asia. US stock market futures opened higher.
Market euphoria was further bolstered by international support, with both President Donald Trump and US Treasury Secretary Scott Bessent congratulating the prime minister.
Trump is aiming for 100,000 points on the Dow Jones (DJI) by the end of his term, a 100% increase from current levels. On Friday, the DJI surpassed 50,000 for the first time.
