Shinzo Abe's gamble paid off. Earlier this week the Japanese premier 's ruling Liberal Democratic Party-led coalition secured a two-thirds parliamentary “super majority” reinforcing his position at the head of the country and allowing him to doubled down on his economic reforms which have been dubbed "Abenomics" , but a big consumption tax hike may be right ahead.
[dalio]
Abe's win is great news for investors who've been well rewarded for their confidence in the country since Abenomics began. On the announcement of the victory, the Nikkei 225 pushed higher for a record 15th session to a 21-year high while the yen weakened to more than ¥114 per dollar for the first time since early July. The country’s benchmark Topix is now up 14.9% in...
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