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Stock impact report

Takaichi heads for Japan premiership as coalition hopes push up stocks [Yahoo! Finance]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Yahoo! Finance
of the right-wing opposition Japan Innovation Party, known as Ishin, pushing stocks in Tokyo to a record high. Ishin lawmakers are set to meet at 2 p.m. (0500 GMT) to discuss forming a coalition with the ruling Liberal Democratic Party (LDP), followed by talks between Takaichi and Ishin leaders Fumitake Fujita and Osaka Governor Hirofumi Yoshimura, where the alliance is expected to be finalised. Japanese media reported that the parties had agreed to an alliance behind closed doors but an official announcement would follow the meeting. "The relationship of trust is deepening substantially, and I believe that's what the other party is thinking," Fujita said on Sunday after senior party officials met. Japan's blue-chip Nikkei share index jumped more than 2% in early trading. A cooperation agreement would deliver a combined 231 seats in parliament's dominant lower house. It would fall two short of a majority, but ensure Takaichi likely wins a vote in parliament tomorrow to pick Show less Read more
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