Japanese Stocks to Gain on Takaichi Win, Yen Drops: Markets Wrap

The yen fell after a ruling-party vote positioned pro-stimulus lawmaker Sanae Takaichi to become Japan’s next leader, boosting prospects for gains in Tokyo shares.

Nikkei stock futures on the Chicago Mercantile Exchange jumped more than 4% on expectations that Takaichi’s policies will boost demand-driven shares. The yen weakened 1.2%, moving toward the closely watched 150 level against the dollar and neared a record low against the euro.