Japan

Yen Up After Prime Minister Wins Decisive Victory in Parliamentary Elections

Political stability not common in Japan recently

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The Japanese yen was stronger on Monday, recovering from early losses that followed news of Prime Minister Shinzo Abe's decisive victory in elections for parliament's upper house.

The election win—which was priced in to markets—provided a rare bout of political stability in Japan and a stronger mandate for Abe's his reflationary economic policies.