A landslide election victory for Japan Prime Minister Shinzo Abe on Sunday sent the yen down and stocks in Tokyo higher, with the path paved for a continuation of loose monetary policy.
With Abe now in good political shape ahead of a pending decision on nominating the Bank of Japan’s leadership, the Japanese currency slumped to its weakest since July. The nation’s two main benchmarks extended their recent rallies that sent them to the highest in at least a decade. Could Japan’s equity market now be set to outperform emerging markets? Learn more