Japan´s Nikkei 225 equity index just clocked up its longest run of consecutive trading-day gains since 1988.
Today marked the thirteenth straight day of gains for the index, with Japan´s leading stock gauge closing 0.4% higher at 21,448.52 points.
Japanese Prime Minister Shinzo Abe has called a snap election for October 22 in a bid to secure four more years of power for his Liberal Democratic party.
Overall, it should be good news for investors in Japanese assets if Abe wins another term as expected.
Increasing Abe´s chances of victory are the recent positive run of Japanese economic data. This has likely been a decisive factor in the move to call an early election; Abe did not have to call an election until December 2018.
The Japanese economy has continued to strengthen this year, with second-quarter economic growth jumping to an annualised 2.5% versus the 1% pace of the first quarter.
Even since Abe called the election, the good news has kept rolling in. In September, data showed industrial production had surged by 2.1% for August.
There are also signs that Japan may have finally exited its long, infamous struggle with deflation.
While still well below the inflation rates being registered across the likes of the US, eurozone and UK, the 0.7% rise in Japanese core inflation reported for August was the highest rate in over two years and the eighth consecutive month of price rises.
For now, the signs are that so-called Abenomics, the stimulatory policies that Abe unleashed to bring Japan´s economy back to life, have been a success.
That said, inflation remains a long way from the Bank of Japan´s (BoJ) 2% target; the central bank maintains interest rates at just 0.1% and 10-year Japanese bond yields capped at 0%.
The BoJ also continues asset purchases to the tune of ¥80tn per year.
The Nikkei 225 has surged by around 24% over the past year, making it one of the world´s best-performing stock market gauges in local terms.
Looking at the index´s chart, there was an especially strong leg up in the aftermath of Donald Trump´s win in the US presidential election.
There was also a helping hand from the Federal Reserve (Fed) move to hike interest rates last December and its forecast for three further US rate rises in 2017; the Fed has now delivered two of these promised rate increases.
This was all great news for Japanese exporters, which suddenly received a boost from a sharp rise in the dollar versus the yen.