Japan stocks muted after Abe win

Suzie Neuwirth

JAPAN’S stock market barely moved after yesterday’s elections, which gave Prime Minister Shinzo Abe control of both houses of parliament for the first time since 2007.

The election outcome shows a vote of confidence in ‘Abenomics’, the prime minister’s aggressive stimulus policies aiming to end deflation in Japan and boost growth.

The Nikkei rose 1.2 per cent in early trading before falling back.

Analysts have said that the outcome had already been factored into trading strategies.