The Japanese Nikkei achieves its best daily performance in a month after the ruling party loses its parliamentary majority.

Japanese stocks closed the first trading session of the week, on Monday, with a strong rise as the Japanese Nikkei index recorded its best daily performance in nearly a month, benefiting from the significant decline of the yen to its lowest level in three months against the US dollar.

The sharp decline of the yen came after Prime Minister Shigeru Ishiba's party lost the chance to form a parliamentary majority for the first time since 2009, following the general parliamentary elections held yesterday, Sunday, raising uncertainty about the political and economic direction.

Ishiba's Liberal Democratic Party, which has governed Japan for almost its entire post-war history, and its small coalition partner Komeito secured 215 seats in the House of Representatives, which is less than the 233 seats needed for a majority. The Liberal Democratic Party had previously held 247 seats while Komeito held 32 seats.

At the close of Japanese stock trading today, the Nikkei index jumped by about 691.46 points or 1.82%, ending the trading session at 39,605.31 points, achieving its best daily performance since September 27.

The Topix index also closed the Japanese stock session up by 1.51% to 2,657.78 points, achieving its best daily performance since October 7.