TOKYO -- The benchmark Nikkei Stock Average fell sharply on Monday following Shigeru Ishiba's election as leader of the ruling Liberal Democratic Party, a drastic market correction over concerns that the incoming prime minister will raise taxes on the investor class.
But in interviews about how the market will perform in the near term as Japan transitions to Ishiba's government, four analysts expressed the view that the fallout will be limited given signs that Ishiba plans to take a more moderate approach. Edited excerpts from the interviews follow.
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