Japan's Nikkei share index skyrocketed past the 47,000 mark for the first time in history, fueled by the election of fiscal expansionist Sanae Takaichi as the new leader of the Liberal Democratic Party. This event triggered a sharp decline in the yen and a surge in long-term bond yields.

The Nikkei 225 Index jumped 4.6% to settle at 47,852.29, supported by Takaichi's commitment to revive 'Abenomics' style stimulus policies. Meanwhile, the broader Topix index climbed 2.7%, reflecting investor optimism in her economic agenda.

Analysts note that Takaichi's appointment has sparked new policy dynamics, including potential cabinet reshuffles. Market players have been betting on her victory, with implications for monetary policy and fiscal spending as investors anticipate potential shifts in th

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