The Nikkei 225 Index climbed 1.1% to above 43,500 while the broader Topix Index gained 0.7% to 3,127 on Monday, with Japanese shares edging closer to record highs after Prime Minister Shigeru Ishiba announced over the weekend that he will step down.
His resignation followed intensifying rifts within the ruling party and weeks of pressure stemming from his national election defeat late last year. The move also came as Japan faced setbacks in securing a trade deal with the US while trying to shield its key auto industry from steep tariffs.
At the same time, Japan's second quarter GDP growth was revised higher on both annualized and quarterly terms, underscoring resilient economic momentum despite tariff headwinds. Major gainers included Mitsubishi Heavy (2.4%), Advantest (2.1%), Lasertec (1.6%), Tokyo Electron (1.6%) and IHI Corp (1.9%).
Source: Trading Economics
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