One year has passed since the Takaichi Sanae administration was formed. Although the Nikkei 225 rose approximately 30% in the stock market, uncertainty remains over higher prices and interest-rate trends.
Reports say that 1 year had passed by the 21st since the Takaichi Sanae administration was formed. During this period, the Nikkei 225 rose approximately 30%, against a backdrop of highly rated fiscal policies.
At the same time, however, expectations for BOJ rate hikes remain strong amid continuing high inflation, and long-term interest rates have also risen sharply. Market participants are watching the administration’s policy management and the direction of financial conditions.
Takaichi (高市) became prime minister on 21 October 2025, when the Nikkei 225 stood at ¥49,316. The movement of the stock market is presented as a change over the 1 year since the administration was formed.
The developments during this period are viewed in terms of the formation of market confidence regarding the assessment of fiscal policy and the unwinding of monetary easing.