I just recently noticed an interesting market phenomenon. After Japanese Prime Minister Sanae Takaichi won an absolute majority in the election, the Nikkei 225 index surged by 3.4%, breaking the 57,000-point mark to hit a new all-time high. This rally triggered a chain reaction in global safe-haven assets, with gold prices also breaking through the $5,000 per ounce level.

At that time, Bitcoin even soared to a high of $72,000. Although it later pulled back during Asian morning trading, the overall market sentiment remained very optimistic. U.S. stock futures also rose, with even Trump and Treasury Secretary Bessent coming out to congratulate. It seems that Takaichi’s $135 billion stimulus plan definitely caught investors’ attention.

Looking back now, the synchronized movement between the Japanese and gold markets back then was quite interesting. From political authorization to asset price reactions, the speed was astonishing. Although Bitcoin has now retraced to around $67,000, that period truly demonstrated how interconnected the global markets are.