Japan’s Big Bet Sparks Market Mayhem and Merriment
Japan’s Nikkei 225 pranced into action without so much as a yawn. The index jumped 3.4 percent on Monday, skating past the 57,000 mark for the first time in history. Investors bet that Takaichi’s strong mandate would clear the path for a boisterous fiscal push, centered on infrastructure sprinkles and tax cuts, with the aim of rekindling domestic demand and lifting long-term growth. The crowd quickly christened the move the “Takaichi Trade,” as Japanese stocks led a global rebound with a fizz and a pops.







