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,

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.

Japanese stocked jumped as markets opened on Monday morning, after prime minister Sanae Takaichi won a landslide victory.

Her win paves the way for promised tax cuts that have spooked financial markets and military spending aimed at countering China.

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