Japanese stocks surged to a record high as markets opened on Monday morning, as Prime Minister Sanae Takaichi's Liberal Democratic Party (LDP) basked in a historic election victory. The LDP secured 316 out of 465 seats in Sunday's election, the first time a single party has won a two-thirds lower house majority since Japan's parliament was established in its current form in 1947. The Japan Innovation Party, the LDP's coalition partner, won in 36 more constituencies, taking their combined total to 352 seats. The resounding mandate is a gamble that paid off for Takaichi, who now faces the challenge of reviving Japan's moribund economy and tackling cost-of-living woes. The Nikkei index rallied by more than 5% in early trade, briefly crossing the 57,000 mark for the first time. The LDP's decisive win will allow Takaichi to advance her pro-business policies without the need for extensive negotiations with opposition parties. Takaichi articulated her commitment to pursuing a 'responsible yet aggressive' fiscal policy, affirming she would not reshuffle her Cabinet, formed less than four months ago. This win marks a stark contrast to the challenges faced by her predecessors, who lost their parliamentary majority due to various scandals. Commentators suggest Takaichi's policies could provide a much-needed boost to the Japanese economy, with moves such as stimulus and tax adjustments positioned as potential catalysts for recovery amid pressures from an aging populace and rising living costs.