LDP leader closer to becoming prime minister; US credit fears ease

20251020 stocks yen

Investor anxiety has started to ease as the odds seem to favor LDP chief Sanae Takaichi becoming the country’s new leader. (Photo by Nanami Sato)

JADA NAGUMO

October 20, 2025 11:24 JST

TOKYO — Japanese stocks rose nearly 3% to touch a fresh intraday high on Monday morning amid renewed expectations for ruling party leader Sanae Takaichi becoming prime minister and a push for dovish fiscal policies.