Outlook mixed after Abe victory

While prime minister Shinzo Abe’s victory in the election this past Sunday will boost Japan’s economy in the near term and investment in domestic stocks, say market participants, the outlook remains mixed over how markets will react long-term. The Liberal Democratic Party and the New Komeito Party secured a majority of seats in Japan’s upper house in a landslide election on Sunday, uniting the previously divided upper and lower houses. Supporters argue this gives ‘Abenomics’ – t…