Abe’s landslide: an inflection point for Japan?
The election victory of Shinzo Abe will spark major change, with the Bank of Japan to embark on a weakening of the yen that could boost the economy and stock market.
The crushing election victory of Shinzo Abe in Japan is viewed as a potential inflection point for its economy, a shift by voters that will impact the direction of fiscal policy. Investors are being urged to take note.
It’s not the return to power of Abe’s Liberal Democratic Party (LDP) that startles, so much as the margin of victory: 294 seats in the 480-member lower house of parliament, or 61% of the vote.
Along with the 31 votes of LDP partner New Komeito, the coalition will …
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