CNBC
Japanese stocks hit another record high as expectations of snap poll rise
Wed, 14 Jan 2026 06:07:06 GMT
Japanese indexes hit record highs Wednesday on expectations that Prime Minister Sanae Takaichi could call for a snap election, likely in February.
If called, it will be Takaichi's first time facing Japan's voters in an election. Takaichi has been a proponent of looser monetary policy and has announced a massive stimulus package for Japan's economy, which is seen as favorable to markets.
The Nikkei 225 index rose 1.61%, crossing the 54,000 mark for the first time, after gaining over 3% to hit a record high Tuesday. The Topix also continued to push fresh highs and gained 0.87%.
The Japanese yen has also weakened past the 159 mark against the dollar, reaching its lowest level since July 2024, when Japanese authorities intervened to stop the yen's slide.
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