What does Abe victory mean for key industries
The contributing factors could include sales tax hike, weaker yen, continued monetary easing, higher defence spending, more nuclear power and casinos
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Tokyo
THE landslide victory in Japan for the party behind Abenomics is likely to be good news for industries from nuclear power to defence, while posing challenges to retailers and others.
Prime Minister Shinzo Abe's ruling coalition retained its two-thirds majority in the lower house in Sunday's election, paving the way for more ultra-easy monetary policy that has boosted Japanese stocks to the highest level in two decades and helped Asia's second-biggest economy expand for six straight quarters. At the same time, pressure is growing on Mr Abe to increase stagnant wage growth and overhaul the labour market to replenish a rapidly ageing workforce.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
