Prime minister’s Liberal Democratic party to be pressed on promised tax cuts and fiscal stimulus plans

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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.