Nikkei Hits Record High Again on October 7th on Hopes for Takaichi’s Fiscal Policy

TOKYO, Oct 07 (News On Japan) - The Nikkei Stock Average climbed again on October 7th, setting another record high amid growing expectations surrounding the Liberal Democratic Party’s new leader, Sanae Takaichi. The benchmark index at one point rose more than 500 yen, marking the second consecutive day it reached an intraday record.

Investors anticipate that Takaichi’s proactive fiscal stance will provide firm support to Japan’s economy, fueling optimism in the market. Buying activity extended to key sectors such as semiconductors and defense, collectively known as “Takaichi-related stocks,” as confidence in her economic approach strengthened.

Source: TBS

Typhoon No. 22 Forecast to Approach South of Japan Before Turning East

By 9 a.m. on October 7th, Typhoon No. 22 (Halong) had strengthened to a “strong” intensity, with maximum sustained winds near its center reaching 35 meters per second and a central pressure of 975 hectopascals. The system was moving due north at about 15 kilometers per hour. Meteorological agencies warn that the typhoon will continue to intensify as it travels northward over warm waters south of Japan before curving eastward later this week.

Magnitude 4.9 Quake Off Fukushima, No Tsunami Warning Issued

A magnitude 4.9 earthquake occurred off the coast of Fukushima Prefecture around 9:30 a.m. on October 7th, registering a maximum intensity of 4 on the Japanese seismic scale. According to the Japan Meteorological Agency, there is no risk of a tsunami caused by this tremor.

Trump Congratulates Japan on First Female Prime Minister Takaichi

Former U.S. President Donald Trump took to social media to congratulate Japan following the selection of its first female prime minister, Sanae Takaichi, writing that "Japan has just elected its first female Prime Minister, a highly respected person of great wisdom and strength.” While Trump did not name Takaichi directly, his post came as she assumed leadership of the ruling Liberal Democratic Party (LDP) and was set to be formally elected as prime minister.

Osaka University Professor Sakaguchi Wins Nobel Prize

Osaka University’s Shimon Sakaguchi, a specially appointed professor, has been awarded this year’s Nobel Prize in Physiology or Medicine for his groundbreaking work in immunology. Sakaguchi is best known for discovering “regulatory T cells,” a type of immune cell that suppresses excessive immune responses, a finding that has had far-reaching implications in medical science.

Driver In Training Behind Tokyu Line Collision That Caused Train Derailment

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Nikkei Hits Record High Again on October 7th on Hopes for Takaichi’s Fiscal Policy

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