Japanese shares hit record high as Sanae Takaichi wins landslide election victory

Sanae Takaichi’s Liberal Democratic party won two-thirds of the seats in the lower house in the Japanese election. Photograph: Yuki Sato/AP

Japan’s stock market has hit a record high after Sanae Takaichi’s Liberal Democratic party (LDP) secured a comprehensive victory in Sunday’s election.

The LDP won 316 of the 465 seats in the country’s lower house – the first time a single party has secured two-thirds of the chamber since the establishment of Japan’s parliament in 1947.