Japan markets rally to all-time peaks after Takaichi secures massive election win

Japanese stocks hit record highs Monday after Sanae Takaichi's election win. Markets cheered her fiscal plans while the yen steadied on intervention warnings.

Insights:
Japan JPJP’s ruling Liberal Democratic Party (LDP) has won a landslide victory in a snap lower-house election, securing 316 of 465 seats. This decisive result provides Prime Minister Sanae Takaichi sanae takaichi with a clear mandate to pursue her promised platform of large spending and tax relief. Following the election results on February 9, 2026, financial markets reacted immediately, with the Nikkei 225 and Topix indices both reaching record highs as political uncertainty diminished.
A worker mops in front of an electronic board displaying the Nikkei share average and the level of Japan's 10-year government bonds outside a brokerage in Tokyo, Japan, February 9, 2026. REUTERS/Kim Kyung-Hoon
A worker mops in front of an electronic board displaying the Nikkei share average and the level of Japan's 10-year government bonds outside a brokerage in Tokyo, Japan, February 9, 2026. REUTERS/Kim Kyung-Hoon
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