Nikkei index breaks record after Prime Minister Sanae Takaichi's election victory

The Nikkei 225 index in Tokyo, which tracks the performance of Japan’s largest companies, hit a new record on Monday after Prime Minister Sanae Takaichi’s ruling Liberal Democratic Party secured a two-thirds majority in the lower house over the weekend. Takaichi ran on an ambitious big-spending agenda, welcomed by investors, although concerns over the country’s debt load –around 230% of GDP – are likely to persist.

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