Japanese stocks swept to record peaks while bonds slid and the yen sagged to an all-time low against the Swiss franc after Prime Minister Sanae Takaichi scored a landslide win in Sunday's snap election.

Her ruling party and coalition partner are poised to sweep the majority of seats in the lower house.

Japanese stocks jumped to record levels after Prime Minister Sanae Takaichi’s landslide win in a snap general election as investors bet on her vision of a “strong and prosperous” nation. The Nikkei 225 benchmark rose as much as 5 per cent on Monday,

The yen strengthened against the dollar after Japan’s ruling Liberal Democratic Party won an outright majority in Sunday’s lower house election, moving away from a zone seen triggering intervention.

An increased parliamentary majority could allow her to draw Japan closer to the U.S. and spend more on defense and industrial policy.

Asia-Pacific markets were set for a higher open Monday with Japanese equities expected to lead gains in the region after Japanese Prime Minister Sanae Takaichi won a landmark election victory. The ruling Liberal Democratic Party captured a two-thirds supermajority in the 465-seat lower house,

Japanese Prime Minister Sanae Takaichi was on course for a thumping victory in snap elections on Sunday, a result that could however rile China and worry financial markets.

Japan voted in snap elections Sunday with Prime Minister Sanae Takaichi hoping to turn a honeymoon start into a resounding ballot box victory that could rile China and rattle financial markets.