Japanese stocks and long-term government bond yields will likely rise when markets open on Monday, after a ruling-party vote positioned pro-stimulus lawmaker Sanae Takaichi to become the next prime minister. The yen was indicated weaker against the dollar.
Takaichi, a proponent of easy fiscal and monetary policy, is seen as raising concern over increasing bond supplies while reducing expectations of a Bank of Japan rate hike this month. The yen was quoted 1.2% weaker at 149.32 per dollar in early trading.
AloJapan.com