New Delhi, Oct. 5 -- The Japanese stock market is likely to react positive after pro-stimulus candidate Sanae Takaichi's unexpected win in the ruling party's leadership election.

However, on the other hand, Japan's yen and long-term government bonds are likely to come under pressure, according to market experts.

Michael Brown, senior research strategist at Pepperstone, was quoted as saying by Bloomberg that the outcome was "quite an unexpected result" and not what the markets had been anticipating.

"Takaichi's win is "likely to be yen negative, on the dovish BOJ repricing, coupled with a steeper JGB curve given her looser fiscal views, though both of those combined should be a boost for the Nikkei," Brown said.

Japan's benchmark Nikke...