"what's going on in japan"

The presidential change from Japan yesterday was received very positively, especially for risky assets. Sanae Takaichi was elected as the leader of the LDP; she is preparing to become Japan's first female prime minister. The new leader is expected to implement expansionary fiscal policies (Abenomics style). With this expectation, the Nikkei 225 rose by 5% and broke a record, the Yen weakened, and exporter stocks rallied. Markets see Takaichi as a leader who will "curb interest rate hikes and support growth." The perception that "what if Japan raises interest rates," which particularly created fear in the markets, has now turned positive. Risky assets seem to like this situation.