The Nikkei 225 Index surged 5% toward 57,000 while the broader Topix Index gained 2.2% to 3,780 on Monday, with Japanese shares hitting fresh record highs 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. 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. Japanese equities also benefited from Wall Street gains on Friday, as technology stocks rebounded after several days of heavy selling. Strong performers included heavyweights firms such as Advantest (14.6%), Fujikura (8.2%), SoftBank Group (7%), Mitsubishi Heavy Industries (3%) and Toyota Motor (2.3%).