Overview

• The Nikkei 225 jumped 4.75% to close at 47,944.76 after trading as high as 48,150.04, while other major Asian markets were mixed.
• The yen weakened to about ¥150 per dollar and hit a record low versus the euro near ¥176.22, extending a nearly 2% drop on the day.
• Long‑maturity JGBs sold off sharply, with the 30‑year yield briefly touching a record near 3.29% and the 40‑year rising to about 3.505%.
• A 30‑year JGB auction on Tuesday is in focus for signs of investor appetite as markets price larger deficit spending under a Takaichi government.
• Local media signaled Minoru Kihara may become chief cabinet secretary and Toshimitsu Motegi foreign minister, while the finance post remains unclear ahead of an expected mid‑October Diet confirmation.