FOCUS: Takaichi's LDP win may send Nikkei to 50,000, but uncertainty looms

The surprising selection of Sanae Takaichi as president of Japan's ruling party may further push up the Nikkei stock index to the 50,000 threshold, aided by a weaker yen as prospects of an imminent interest rate hike by the Bank of Japan recede.The upward momentum of the key index, however, may be short-lived due to political uncertainty as fiscal dove Takaichi may find it hard to implement economy-supporting policies with her Liberal Democratic Party leading a minority government.Boosted by optimism about expansionary fiscal measures, the Nikkei surged 4.75 percent Monday to end at a fresh…READ FULL ARTICLE