Takaichi triumph lifts Nikkei to 57,000, bitcoin $72,000, gold $5,000

07:04 1 min read Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (content & image)
Takaichi triumph lifts Nikkei to 57,000, bitcoin $72,000, gold $5,000 — CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

Japan’s Nikkei 225 surged 3.4% on Monday, breaching the 57,000 level after Prime Minister Sanae Takaichi secured a "supermajority" in Sunday’s general election.

The mandate cleared the way for Takaichi’s expansionary fiscal agenda, including a $135 billion stimulus package aimed at reviving the economy through infrastructure spending and tax cuts. The so-called "Takaichi Trade" rippled through markets: gold climbed past $5,000 per ounce and bitcoin spiked to about $72,000 before settling back above $70,000 in Asia morning trading, while U.S. stock futures opened higher.

Market moves were further supported internationally, with President Donald Trump and U.S. Treasury Secretary Scott Bessent congratulating the prime minister. Trump has set a target of 100,000 on the Dow Jones by the end of his term; the index had breached 50,000 on Friday.

Japan, Asia

nikkei 225, sanae takaichi, takaichi trade, supermajority, stimulus package, 135 billion, infrastructure spending, tax cuts, gold price, bitcoin

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