The Nikkei 225 closed above 54,000 for the first time, driven by election speculation, while the yen and bonds saw declines.
Japan's Nikkei 225 gained 1.48%, closing at 54,341.23, surpassing the 54,000 mark for the first time. This rise coincided with ongoing speculation about early elections. Meanwhile, the yen and bonds dropped, with USD/JPY climbing 0.14% to trade above 159.