The newfound influence of opposition lawmakers in Japan has investors looking for gains in the shares of retailers and electricity generators.
That’s due to expectations that Prime Minister Shigeru Ishiba may cut taxes to keep smaller parties on side — increasing workers’ disposable income — and because both the ruling coalition and its most likely allies want to restart more of Japan’s nuclear reactors.
Artificial intelligence-related stocks are also set to win out, after Ishiba promised over ¥10 trillion ($65.1 billion) in aid for AI and semiconductors by 2030 at a news conference following his reelection as prime minister on Monday.