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Conservative Coalition Wins Japanese Election

Japan's conservative Liberal Democratic Party (LDP) surged back to power in an election on Sunday just three years after a devastating defeat, giving ex-Prime Minister Shinzo Abe a chance to push his hawkish security agenda and radical economic recipe.

Exit polls by television broadcasters showed the LDP winning nearly 300 seats in parliament's powerful 480-member lower house, while its ally, the small New Komeito party,looked set to win about 30 seats.

That would give the two parties the two-thirds majority needed to over-rule parliament's upper house, where no party has a majority and which can block bills, which should help to break a deadlock that has plagued the world's third biggest economy since 2007.

Source: CNBC. Read full article. (link)

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