“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 - Japanese stock market opened higher after a long weekend, with the Nikkei 225 index rising by 3.43% to 53,722.76 points and the broader Topix index increasing by 2.17% to 3,590.40 points, driven by electronics, banking, and automotive sectors [1] - The weakening yen, hovering around 158 yen per dollar, is at its lowest level since January 2025, providing a boost to export-oriented companies [1] - Analysts from Citigroup noted that the market is forming a consensus that high support rates for Prime Minister Kishida's cabinet indicate a high probability of the ruling Liberal Democratic Party winning in potential elections, which could lead to a resurgence of the "Kishida trade" [1][2] Group 2 - Expectations are that if Kishida secures clearer governing authority, his fiscal expansion stance will strengthen, putting pressure on the Japanese bond market [2] - Rising long-term Japanese government bond yields are expected to benefit financial stocks such as banks [2] - Following the news of a potential dissolution of the Diet, the yen fell to its lowest point in a year, prompting concerns from Japan's Finance Minister about one-sided fluctuations in the currency [3] Group 3 - The meeting between Japan's Finance Minister and the U.S. Treasury Secretary highlighted concerns over the yen's depreciation, with discussions on maintaining close communication regarding currency movements [3] - The potential for market intervention by Japanese authorities was established as a reference point, particularly if the yen approaches the 160 mark [3][4]