Yen Falls To Eighteen Month Low After Election

Long ruling Liberal Democratic Party back in power in Japan


The yen fell to its lowest in more than a year and a half against the dollar on Monday after a landslide election victory for Japan's Liberal Democratic Party, which is committed to aggressive monetary easing.

The LDP's victory will propel ex-Prime Minister Shinzo Abe—who has called for "unlimited" monetary easing, an increase in the inflation target and big spending on public works to rescue the economy—back to power.