Japan's stocks zoom, yen slumps as Takaichi win dims BOJ hike bets

TOKYO (Reuters) -Japanese shares surged to a record high on Monday, while the yen and long-term bonds tumbled as Sanae Takaichi was all but confirmed to become the country's next premier, stoking bets on a revival in big spending and loose monetary policy. The Nikkei 225 Index soared 4.75% to close at 47,944.76. The 30-year Japanese government bond (JGB) plunged, sending the yield to a record high.