“高市早苗交易”卷土重来！日股强势开盘 日元逼近一年新低

Group 1 - The Japanese stock market opened higher after a long weekend, driven by expectations of an early general election and a weaker yen benefiting export companies [1] - The Nikkei 225 index rose by 3.43% to 53,722.76 points, while the broader Topix index increased by 2.17% to 3,590.40 points, with significant contributions from the electronics, banking, and automotive sectors [1] - Analysts from Citigroup noted that the market consensus is forming around the likelihood of the ruling Liberal Democratic Party winning more votes in a potential election, which could lead to a renewed "Kishida trade" benefiting sectors like defense and nuclear power [1][2] Group 2 - The weakening yen, which hovered around 158 yen per dollar, is at its lowest level since January 2025, raising concerns among Japanese officials about its one-sided volatility [3] - Japanese Finance Minister Shunichi Suzuki expressed concerns about the yen's depreciation during a meeting with U.S. Treasury Secretary Scott Pelley, indicating potential future interventions if the market shows disorderly movements [3][4] - The expectation of further fiscal expansion under Prime Minister Kishida could put pressure on the Japanese bond market, with rising long-term bond yields potentially benefiting financial stocks like banks [2]