Japan's benchmark stock index has plunged by 4.8% on the back of a sharply stronger Yen, and shortly after monetary policy hawk Ishiba Shigeru was elected the country's next prime minister.
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00:00Japan's benchmark stock index has plunged nearly 5 percent.
00:04Analysts say the Nikkei dropped sharply in value in response to a strengthened yen.
00:09Japan's currency gained strength shortly after Ishiba Shigeru became the country's new prime
00:14minister.
00:15Ishiba has expressed support for a strong monetary policy, including introducing capital
00:20gains tax.