Prime Minister Shizo Koshiro held his first press conference since taking office, expressing hope to maintain loose monetary policy.
Shigeru Ishiba stated that he will implement economic support measures, with the highest priority of his government's economic policy being to "pull japan out of deflation", including raising real wages and promoting corporate capital expenditure.
Buffett wants to "increase holdings" in japan? Fumio Kishida officially elected as Prime Minister of Japan, Japanese stocks soar at the close.
On Tuesday, the Japanese stock market opened high and rose steadily, with the Nikkei 225 Index rising by more than 2% at one point during the day, closing up by 1.93% at 38,651 points. In addition, the Manila Index in the Philippines rose by more than 1%, the Jakarta Composite Index in Indonesia rose by 0.61%, the Ho Chi Minh Index in Vietnam rose by 0.76%, and the SET Index in Thailand rose by 0.83%.
The Japanese stock market plummeted, the result of overly optimistic market expectations.
The market originally bet that with the new Prime Minister Yoshihide Suga, Japan's central bank will be encouraged to maintain a low interest rate policy and implement more monetary stimulus measures. After supporting Bank of Japan Governor Haruhiko Kuroda's "unexpected" victory after gradually moving away from ultra-low interest rate policy, the market is once again betting on the possibility of Bank of Japan raising interest rates.
Shigeru Ishiba unexpectedly elected, causing earthquake in the Japanese stock market! The nikkei 225 index plunges by over 4%, Japanese bond market in turmoil.
Market analysts predict that before Shiba Shigeru's policy position becomes clearer, short-term market volatility may intensify.
The dust has settled! Shigeru Shiba will take office as the next Prime Minister of Japan, and the Japanese Yen is rapidly appreciating.
Or a reversal of the "Abenomics trade" may occur.
Nikkei Rises on Prospect Japan's New Prime Minister May Favor Economic Stimulus