Tokyo's benchmark stock index rose 1.35 per cent at the start on Monday after pro-European centrist Emmanuel Macron swept his far-right rival Marine Le Pen in the French presidential election.
But many observers are sceptical about Macron's ability to win a parliamentary majority, meaning he might have to form a coalition of lawmakers committed to his agenda.
The philosophy and literature lover is inexperienced, has no political party and must try to fashion a working parliamentary majority after legislative elections next month.
His economic agenda, particularly plans to weaken labour regulations to fight stubbornly high unemployment, are likely to face fierce resistance from trade unions and his leftist opponents.
He also inherits a country which is still under a state of emergency following a string of Islamist-inspired attacks since 2015 that have killed more than 230 people.
Comments
0 comment