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Japanese stocks fell to their lowest in four weeks on Monday as oil prices tumbled to a new 5-1/2 year low, hitting Wall Street shares and stoking fears of weak global growth.
The Nikkei benchmark lost 1.6% to close at 17,099.40 points, its lowest since Nov 17.
Prime Minister Shinzo Abe's ruling coalition scored a landslide in Sunday's general election, as expected. But The victory, which gives the Japanese premier a fresh mandate for market-friendly growth policies, failed to cheer investors as his reflationary strategy to end 15 years of deflation has had only modest success so far.
Exporter shares suffered, with Toyota Motor Co and Mitsubishi Motors Corp losing 2.5% and 4%, respectively.
The broader Topix slipped 1.5% to 1,379.29, while the JPX-Nikkei Index 400 also lost 1.4% to 12,518.29.
