Japan’s stock market is on the rise as Sanae Takaichi steps into the role of prime minister. Confidence is high that her administration will prioritize defense spending and introduce tax reforms, fueling what observers have dubbed the “Takaichi trade.”

A rush of stock listings is heating up this traditionally slow market period, as Klarna, Legence, Via Transportation, Black Rock Coffee, and Gemini Space Station all plan to go public. Many are looking to capitalize on renewed investor excitement following recent successful IPOs, making it one of the busiest weeks for new listings in years.