Japanese stocks rise on Abe's landslide election victory

Gains for yen and Nikkei 225

Shinzo Abe's Liberal Democratic Party (LDP) has won a large majority in Japan's House of Representatives (HoR) in Sunday's general election, bolstering Japanese equities on the prospect of more economic stimulus.

The result is expected to deliver little change in Abe's economic policy, but should ease the way for a mixture of monetary easing, fiscal stimulus and structural reform. Japan's upcoming election - more of the same? Japanese stocks posted their 15th consecutive day of gains, reaching levels not seen since the mid 1990s, with the Nikkei 225 Index up 1.1% to 21,697 by the afternoon in Japan. Meanwhile, the yen fell 0.2% against the dollar, to ¥113.7.  The result comes amid encouraging growth and employment figures, as voters appeared to back Abenomics with an almost 80% vote share f...