TOKYO -- Japanese stocks surged to a record high and the yen fell to its weakest level in two months on Monday due to investor expectations of fiscal stimulus measures following Sanae Takaichi's victory in the leadership election for the ruling Liberal Democratic Party over the weekend.
Equities
Japan stocks hit record high, yen falls on pro-stimulus Takaichi's victory
JGB yield curve steepens; investors bet on new LDP leader's economic policies
Sanae Takaichi's victory in Saturday's Liberal Democratic Party presidential election rocked markets as investors returned from the weekend. (Photo by Hazumu Urushiyama)
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