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.