Japan's yen weakens, stocks poised to surge on Takaichi's landslide election win

By Kevin Buckland

TOKYO, Feb 9 (Reuters) - The yen slipped to a record low versus the Swiss franc and eased against other major peers on Monday, while Japan's Nikkei 225 share average futures surged 3% to a record peak after Prime Minister Sanae Takaichi scored a landslide win in Sunday's snap election.

The yen eased as much as 0.3% to reach 203.30 per franc CHFJPY= for the first time ever in early trading.

Japan's currency declined as much as 0.4% to 186.55 per euro EURJPY=, putting it close to the record low of 186.86 from last month. It fell 0.5% to as low as 157.95 per U.S. dollar JPY=, a two-week trough.

Nikkei futures in Chicago NKc1 soared 3% to an unprecedented 58,350.

The cash index .N225 closed at 54,253.68 on Friday, pointing to a surge at the open.

Takaichi's victory paves the way for promised tax relief and big fiscal spending that have spooked markets since she came to power last year, depressing the yen and sending bond yields soaring to record peaks, while also stoking a record rally in stocks.

"This victory will help advance Takaichi's pro-stimulus policies, allowing her to move forward without needing to negotiate with other parties on every issue," said Mahjabeen Zaman, head of FX strategy at ANZ Bank.