Asian stocks track Wall St rally as Tokyo hits record on Takaichi win

After last week's broad-based volatility, investors appeared to be enjoying a return to calm, with the news out of Tokyo providing hope for political stability in the world's number-four economy. Takaichi's resounding victory saw her ruling Liberal Democratic Party take around a two-thirds majority of the lower house, paving the way for increased fiscal stimulus and massive tax cuts. "We will prioritise the sustainability of fiscal policy. We will ensure necessary investments. Public and private sectors must invest.