FOCUS: Kono win in ruling party election likely to push Tokyo stocks higher

Politics Economy

While anticipation of a new government has already lifted Tokyo stocks to their highest level in 31 years, many analysts think a victory by vaccination minister and pro-reform Taro Kono in the Sept. 29 ruling party leadership election will send share prices even higher. The 225-issue Nikkei Stock Average has surpassed the 30,000 mark and moved at its highest level since the Japanese economy experienced an asset-inflated bubble, following Prime Minister Yoshihide Suga's decision to resign amid plunging support rates. The new Liberal Democratic Party leader, to be chosen from among Kono, former ...

Kyodo News

Kyodo News