🇯🇵 Japan's Nikkei 225 Index hits a record high, soaring 6% following Prime Minister Fumio Kishida's victory.

After Fumio Kishida's official win and appointment as Japan's Prime Minister, the Japanese stock market experienced a strong positive feedback, with the Nikkei 225 Index surging about 6% in a single day and reaching a new all-time high, indicating that the capital market is highly optimistic about his policy expectations.
Fumio Kishida's style continues the Abe approach, which is "Abenomics 2.0."
Market focus points include:
Opposition to premature rate hikes
Continuing loose fiscal policy
Supporting the Bank of Japan in maintaining ultra-loose monetary policy
So, the rise in the Nikkei can be seen as a realization of positive expectations.
Previous rate hikes were more symbolic and not part of a tightening cycle, unlike the Federal Reserve's consecutive rate increases.
On the contrary, through rate hikes, Japan demonstrates:
Able to hike rates = Wage increases are real
Able to hike rates = Domestic demand is recovering
Able to hike rates = Inflation is no longer one-time input-driven
📈 This is understood in the stock market as: Nominal GDP growth + corporate income expansion.
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