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11.07.2016

Nikkei soars on Abe's landslide victory

In upper house elections on Sunday, Prime Minister Shinzo Abe's ruling coalition won in a landslide, in a development analysts said was likely to make it far easier to push through his economic agenda, dubbed Abenomics.

"It is likely that a large-scale economic stimulus program, in the magnitude of at least 10 trillion yen (2 percent of gross domestic product), will be implemented in order to restart Abenomics," Societe Generale said in a note Monday. "Some of the measures to be included in the package will be policies to reduce economic inequalities among the citizens and regions of Japan." 
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