Feb 9 β€’ 07:50 UTC πŸ‡¬πŸ‡§ UK Guardian

Japanese shares hit record high as Sanae Takaichi wins landslide election victory

Japan's stock market reaches a record high following Sanae Takaichi's significant electoral triumph leading the Liberal Democratic Party.

Japan's stock market has surged to record heights after the Liberal Democratic Party (LDP) won an overwhelming victory in the recent elections, securing 316 out of 465 seats in the lower house of parliament. This historic win marks the first occasion since the establishment of Japan’s parliament in 1947 that a single party has achieved a two-thirds majority. The LDP's coalition partner, the Japan Innovation party, contributed an additional 36 seats, resulting in a supermajority of 352 seats. This decisive electoral outcome provides Prime Minister Sanae Takaichi, the first female to hold the position, with a stronger mandate, allowing her to pursue an aggressive legislative agenda.

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