0738 GMT - Japanese Prime Minister Sanae Takaichi's resounding victory should be a positive for more fiscal stimulus in Japan, Jefferies' Mohit Kumar says in a note. "We are likely to see a focus on fiscal expansion and pro-growth policies," the global economist says. It should be positive for equity markets, particularly for sectors that would benefit from a focus on self-reliance, such as defense, technology and semiconductors, Kumar says. The election results, meanwhile, are likely to be negative for the long end of the Japanese government bond curve with fiscally expansionary policies, he says. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

February 09, 2026 02:38 ET (07:38 GMT)

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