Japanese equities advanced as trading resumed in Tokyo following an extended market holiday, with the Nikkei 225 opening 868 points or 1.7% higher at 52,808.29.
This rally coincides with mounting speculation that Prime Minister Sanae Takaichi may call a snap election in the near term.
Reports from domestic media during the weekend have intensified expectations that Takaichi could move to dissolve parliament as early as next month.
Elsewhere, the U.S. equity market rallied despite potential constraints by U.S. President Donald Trump's administration on the Federal Reserve's independence.
This follows a Sunday statement from Fed Chair Jerome Powell, who confirmed the central bank had received grand jury subpoenas from the Justice Department-a development that raises the possibility of criminal proceedings.
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