Japan stocks soar after Takaichi named ruling party head | Business

TOKYO, Oct 6, 2025 (BSS/AFP) - Japanese stocks soared over 4 percent and the yen fell Monday, after Sanae Takaichi won a leadership election to run the ruling party. Takaichi, likely to become prime minister this month, has in the past backed aggressive monetary easing and big fiscal spending, echoing her mentor, former premier Shinzo Abe. During the campaign however she toned down her calls for fiscal expansion and opposition to Bank of Japan rate hikes amid rising prices. "Still, she looks more inclined than the others to juice the economy," said Taro Kimura at Bloomberg Economics. On Saturday, Takaichi pledged to first to implement measures to address inflation and boost the economy, rural areas and primary industries such as...