Takaichi Triumph: Japan’s record 56,000 Nikkei surge sends bitcoin to $72,000, gold past $5,000
Summary
Japan’s Nikkei 225 index experienced a record surge, exceeding 57,000 points with a 3.4% increase, following Prime Minister Sanae Takaichi’s significant victory in the general election. This win signals strong support for Takaichi’s ambitious $135 billion stimulus package, designed to boost the economy through infrastructure investment and tax reductions. The resulting market optimism, dubbed the “Takaichi Trade,” drove gold prices above $5,000 per ounce and briefly pushed Bitcoin to $72,000 before stabilizing above $70,000. U.S. stock market futures also opened higher, and the positive sentiment was reinforced by congratulatory messages from U.S. President Donald Trump and Treasury Secretary Scott Bessent, with Trump aiming for the Dow Jones to reach 100,000 during his term.
(Source:CoinDesk)