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12 Feb 2026
Japan's Nikkei hits 58,000 as yen, JGBs rally on election fallout
Summary
Japan’s Nikkei share average surpassed 58,000 for the first time, driven by a triple rally with government bonds and the yen following Prime Minister Sanae Takaichi’s election win. The rally was fueled by expectations of spending and tax-relief measures under Takaichi’s leadership. The yen strengthened due to political stability, while JGBs rallied, with long-dated securities leading the gains.