Japan’s benchmark stock index, the Nikkei 225, hit a record after the leading conservative party elected Sanae Takaichi as its new leader. Nicknamed the ‘Iron Lady’ after she cited former British Prime Minister Margaret Thatcher as her hero, Takaichi has called for strengthening Japan’s military, and taking a tougher stance against China and North Korea. She also opposes same-sex marriage and retains ties to nationalist groups. "It’s the Trump effect going global here, restructuring, tax cuts, improved economic growth, nominal GDP, renormalization of the economy and everyone talking resourcing...

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