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14h ago

Takaichi Set for Premiership as Nikkei Notches Record and Yen Holds Near 150

Markets focus on potential fiscal plans seen complicating BOJ guidance.

Holograms, which show different images and colours depending on the angle at which they are viewed, are seen on the new Japanese 5,000 yen banknote as the new note is displayed at a currency museum of the Bank of Japan, on the day the new notes of 10,000 yen, 5,000 yen and 1,000 yen went into circulation, in Tokyo, Japan July 3, 2024. REUTERS/Issei Kato/Pool
A man walks past a stock quotation board showing the Nikkei share average outside a brokerage in Tokyo, Japan, June 23, 2025. REUTERS/Kim Kyung-Hoon

Overview

  • Parliament is expected to confirm hardline conservative Sanae Takaichi as Japan’s first female prime minister under an LDP–Ishin coalition later Tuesday.
  • The yen traded near 150.61 per dollar as analysts flagged potential volatility once policy signals emerge, and a BOJ policymaker said Japan has roughly achieved its price target.
  • Investors anticipate a pro-stimulus tilt and resistance to further rate hikes, a mix seen supportive for equities but negative for the currency and government bonds.
  • Broadcaster FNN reported Takaichi plans to appoint Satsuki Katayama as finance minister, reinforcing expectations for expansionary fiscal policy.
  • Risk appetite improved on hopes for progress in U.S.–China trade talks and a possible end to the U.S. government shutdown, with attention turning to the upcoming Fed meeting.