TOKYO, Oct 21 (Reuters) - Japan's Nikkei share gauge
continued its record run on Tuesday, ahead of a parliamentary
vote expected to confirm fiscal dove Sanae Takaichi as the
nation's next prime minister.
The Nikkei 225 Index climbed 1% to 49,663.45 in
early trade, and is poised for a record close, if the current
momentum persists. The broader Topix gauge was up 0.6%.
The nation's stocks surged on Monday after Takaichi's ruling
Liberal Democratic Party secured a new coalition partner in the
Japan Innovation Party, known as Ishin, to firm up her support
in the Diet.
The Nikkei hit successive highs earlier this month on
expectations of further stimulus after Takaichi won a vote to
lead the LDP. But her assent to the prime minister's seat was
delayed after long-time political partner Komeito split from the
LDP's coalition.
A parliamentary vote to choose the premier is scheduled for
the afternoon. Market attention now turns to who may fill out
Takaichi's cabinet for signs of how the new government will
approach spending and debt management.
Takaichi has finalised a plan to appoint former regional
revitalisation minister, Satsuki Katayama, as finance minister,
broadcaster FNN reported on Tuesday.
Reaction in the Japanese government bond (JGB) market was
muted early on. The 10-year JGB yield fell 0.5
basis point (bp) to 1.66%, while the two-year yield
fell 1 bp to 0.935%.