Tokyo: Major stock indexes in Japan closed at record levels on Tuesday, with the Nikkei index surpassing 53,000 points for the first time, amid rising speculation that Japanese Prime Minister Sanae Takaichi may dissolve the Lower House next week to hold a general election. The Nikkei stock index rose by 1,609.27 points, or 3.10 percent, from Friday to 53,549.16 points. The broader Topix index also closed up by 84.78 points, or 2.41 percent, at 3,598.89 points, with both indexes recording their highest levels ever during the trading session.

According to Qatar News Agency, Japan's markets were closed on Monday for a public holiday, and stocks saw significant gains, with the Nikkei briefly exceeding 1,800 points, amid hopes that increasing political stability would help Takaichi implement her expansionary fiscal policies aimed at boosting economic growth in Japan. The yen fell to around 159 against the US dollar, its lowest level since July 2024, while the yield on the benchmark 10-year Japanese government bond briefly rose to 2.160 percent, the highest level since February 1999, as bond yields move inversely to their prices.