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Nikkei Closes Above 53,000 for First Time on Snap-Election Talk

Media reports of a possible lower-house dissolution drove bets on looser fiscal policy.

Overview

  • The Nikkei 225 jumped 3.09% to 53,549.16, surpassing its prior record set on Jan. 6.
  • TOPIX ended at a record 3,598.89, up 2.41%, reflecting broad market strength.
  • The yen weakened to about 158.75–158.76 per dollar, briefly touching its softest level in roughly 18 months.
  • Japan’s 10-year JGB yield rose to 2.16%, the highest in nearly 27 years, on concerns about expanded government spending.
  • Semiconductor leaders Advantest and Tokyo Electron led gains, with automakers and banks also rallying on currency moves and policy hopes.