Sony shares climb to their highest level in 25 years as Abenomics supporter Sanae Takaichi is likely to become Japanese PM

Shares of Sony rose 4% on Monday, sending the stock up to levels it last reached in March of 2000.

The move was even more impressive in its home listing, where the stock outperformed with a 4.75% jump on Japan’s Nikkei 225 that propelled that index to a record high on Monday.

Boosting the market was the victory of Shinzo Abe protege Sanae Takaichi in a race to lead Japan’s ruling political party, setting the lawmaker up to become the country’s first female prime minister. Takaichi, a hard-line conservative who claims Margaret Thatcher as a personal hero, advocates for “Abenomics”: higher spending and tax cuts. Takaichi previously described the Bank of Japan’s recent interest rate hikes as “stupid.”