 "Japanese Prime Minister Shinzo Abe, leader of the Liberal Democratic Party, poses for photos as he marks on the name of one of those elected in the parliamentary lower house election at the party headquarters in Tokyo. Photo: PTI")
Japanese shares jumped on a weaker yen on Monday as an election win for Shinzo Abe’s ruling bloc gave a green light for more super-easy policy stimulus, while the euro eased as Spain’s constitutional crisis aggravated concerns about political unity in the region.
The US dollar was the major beneficiary as President Donald Trump and Republicans took a small step toward tax cuts, boosting Wall Street stocks and lifting bond yields.
Japan’s Nikkei raced up 1 per cent to its highest since 1996 after Prime Minister Abe looked to have easily won in national elections over the weekend.
Investors assumed
