The Japanese yen fluctuated around 157 per dollar on Monday, hovering near a two-week low after the ruling Liberal Democratic Party, led by Prime Minister Sanae Takaichi, secured a two-thirds supermajority in the lower house in a historic victory. The result gives Takaichi a clear mandate from the snap election to pursue expansionary fiscal policies, a stance that could further pressure the yen and Japanese government bonds while potentially supporting equities. Takaichi’s coalition won 352 of the 465 seats in Japan’s House of Representatives, according to figures collated by public broadcaster NHK, with the LDP alone securing a majority of 316. The outcome reinforced expectations for looser fiscal policy and possible tax cuts, which have rattled Japanese financial markets in recent weeks amid concerns over Japan’s growing debt burden. Takaichi is also expected to advance a conservative agenda, including a tougher immigration system and tighter land-ownership rule.