The Latest Breaking News from Japan

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Tokyo stocks surged more than four percent to a record high Monday and the yen sank on bets that the new leader of Japan's ruling party will embark on a new era of loose monetary policy to kickstart the country's economy.

Japan’s Nikkei stock index has jumped more than 4% after its ruling party chose an ultra-conservative as its leader and likely first woman prime minister

Under the slogan “#ChangeLDP”, Japan’s long-ruling Liberal Democratic Party (LDP) has elected Sanae Takaichi as its new leader. Pending a vote in the Diet’s lower house later this month, she is poised to become Japan’s next prime minister — and the first woman ever to hold the post.