Japan Stocks Cheer Takaichi Win as Yen Moves Away From Danger

Japanese stocks rallied to fresh record highs on Monday after a resounding election win by Prime Minister Sanae Takaichi’s ruling party, and the yen edged away from the danger zone for intervention.

Declines in government bonds were limited, defying concern that the debt market may erupt again as it did last month. The relative calm in the currency and fixed income markets came after Takaichi emphasized fiscal sustainability and her finance minister warned that she was watching movement in the yen.