Japan election verdict: Uncertainty calmed as landslide victory guarantees the future of Abenomics

clock
Katsunori Kitakura of the SuMi Trust
Image:

Katsunori Kitakura of the SuMi Trust

Katsunori Kitakura, lead strategist at SuMi Trust, explains why investors have cause to be optimistic following Shinzo Abe's re-election.

The Liberal Democratic Party (LDP), led by Prime Minister Shinzo Abe, secured a majority in the Lower House snap election held on 22 October, with over 280 of 465 seats contested. How positive is Abe win for Japanese equities? Combined with seats gained by its coalition partner, Komeito, the LDP-Komeito bloc will hold over 310 seats, or two-thirds of the total, enough to call for a constitutional revision. This overwhelming victory represents a vote of confidence in 'Abenomics' and indicates Abe's signature policies of fiscal stimulus and large scale monetary easing are set to cont...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Asia

Daryl Liew, CIO at REYL Singapore.

REYL's Liew eyes return to overweight positions in Asian quality growth names

'It's a question of timing'

clock 28 June 2022 • 3 min read
Amazon shares are down 40% from its peak

Growth stock pickers feel like 'a kid in a candy shop'

'It is time to go shopping'

clock 22 June 2022 • 4 min read
Ian Hargreaves is a manager on the Invesco Asia trust

Invesco Asia trust puts cash to work in China

Acknowledges challenges of country

Kathleen Gallagher
clock 22 June 2022 • 3 min read
Trustpilot