“高市早苗交易”引爆市场！日股狂飙、日元重挫！

Core Viewpoint - The election of Sanae Takaichi as Japan's first female Prime Minister is expected to bring significant changes to the economic landscape, with a potential return to "Abenomics" and a focus on inflation management [5][6]. Market Reactions - The Nikkei 225 index surged over 4%, surpassing the 47,800 mark, reaching a historical high, while the Tokyo Stock Exchange index rose approximately 3%, breaking the 3,220 points barrier [1]. - The Japanese yen is under significant pressure, with the USD/JPY exchange rate exceeding 150 [2]. Economic Policies - Takaichi's administration is anticipated to prioritize inflation issues, potentially increasing subsidies to local governments and considering a reduction in consumption tax [6][7]. - She has emphasized the need for close coordination between the government and the Bank of Japan (BOJ) regarding economic policies, criticizing the BOJ's interest rate hikes as "foolish" [8]. Market Expectations - Takaichi's stance has reinforced market expectations that the BOJ will maintain its accommodative monetary policy, leading investors to reassess their strategies regarding interest rate hikes [9]. - Barclays economists predict a decreased likelihood of the BOJ raising interest rates within 2025, suggesting that Takaichi's dovish tone may strengthen in the future [11][12]. Financial Market Dynamics - The Japanese financial market is entering a phase of rapid repricing, with expectations of a positive market response to Takaichi's fiscal policies [10][13]. - Analysts believe that her proactive fiscal stance could boost market confidence, leading to a rotation towards growth stocks in the domestic market [13].