Source: International Business Times
Sanae Takaichi's election as leader of Japan's ruling party has sent the country's stocks soaring to a record AFP Tokyo stocks surged more than four percent to a record high Monday and the yen sank on bets that the new leader of Japan's ruling party will embark on a new era of loose monetary policy to kickstart the country's economy. News of the victory for Sanae Takaichi -- who is expected to become prime minister this month -- fanned a fresh wave of optimism on Japanese trading floors as she has previously backed aggressive monetary easing and expanded government spending. But the rally in Tokyo was not matched in the rest of Asia, where markets were mixed following last week's healthy advances and as investors keep tabs on lawmakers' attempts to end a US government shutdown.
