Strategists: Prepare for the start of 'Super-Abenomics'

Shinzo Abe's weekend election victory means Japan is set to enjoy the implementation of a 'Super-Abenomics' strategy which could surprise investors, according to strategists.

The Liberal Democratic Party (LDP) won a strong victory in upper house elections on Sunday, the result of which will allow Abe to implement further economic reforms. Despite a muted reaction to the election victory from the Japanese stock market,  with the Nikkei closing up 0.5% at 14,658 today, the result is likely to build wealth in Japan, according to John Vail, chief global strategist at Nikko Asset Management. Increased consumer consumption, alongside confidence in government stability may help housing investment and corporate capital expenditure, Vail said. He predicts GDP gr...