On 16 June 2026, the Nikkei Stock Average rose above 70,000 for the first time in history during trading hours. The move is said to reflect the “Takaichi trade”, based on expectations for the Takaichi administration's proactive fiscal policy.
On 16 June 2026, the Nikkei Stock Average (225 stocks) rose above 70,000 for the first time in the Tokyo stock market, exceeding the milestone roughly 2 months after breaking through 60,000 in April. The market reaction is analysed as strongly reflecting investor sentiment, against a backdrop of expectations for future growth driven by the Takaichi administration's responsible proactive fiscal policy.
The article examines the factors behind the rise in share prices and its future implications, drawing on commentary by Yoichi Takahashi (髙橋洋一) and considering the relationship with interest rates, yen depreciation and U.S. stocks. As a past example, it cites a similar rise in share prices during the change of administration in October 2025, and organises comments from government and financial-sector officials.
The Takaichi administration's emphasis is on increasing government investment and encouraging private-sector investment. The article notes that government and private-sector investment in Japan had been insufficient over the past 30 years. It presents the view that the market is valuing these moves as a catalyst for higher share prices.