Japanese stocks surged to a record high on Monday following Prime Minister Sanae Takaichi's Liberal Democratic Party (LDP) securing a historic election victory. The LDP won 316 out of 465 seats in Sunday's election, marking the first time a single party has won a two-thirds lower house majority since Japan's parliament was established in its current form in 1947, according to BBC World and BBC Business. The Nikkei 225 briefly surpassed 57,000 for the first time after the election.
The LDP's coalition partner, the Japan Innovation Party, won in 36 more constituencies, bringing their combined total to 352 seats, as reported by BBC World and BBC Business. The resounding mandate is a gamble, according to the sources.
In other business news, the affordable make-up brand Barry M was bought out of administration by Warpaint, which produces cosmetics for men, as reported by BBC Business. The family-run firm, which was set up in north London in 1982, collapsed earlier this month. Warpaint acquired the Barry M name for 1.4 million, but the deal does not protect more than 100 staff who worked at Barry M or its factory. Barry M had been a favorite of make-up fans and drag queens for its eye-catching colors and was stocked in around 1,300 shops across the UK.
Plane makers are also chasing Asia's super-rich with luxe new private jets, according to BBC Business. Gulfstream's G700 is among the most eye-catching aircraft at the Singapore Airshow, Asia's largest aviation and defense trade fair. The aircraft, which can cost tens of millions of dollars, has drawn long queues of visitors waiting for a glimpse inside.
Finally, the US fried chicken craze is transforming British takeaways, as reported by BBC Business. This youth-driven craze is now transforming the British High Street, with chicken shops opening at a faster rate than all other fast food outlets. "I try to be healthy," said 19-year-old nursing student Sumayyah Zara Sillah, smiling with her order from Leicester takeaway Ragin' Bird. "But I like it so much."
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