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Monday, December 17, 2012

Japanese stocks rise after LDP wins landslide.

The Nikkei 225 ended 0.9% higher after Shinzo Abe's LDP won a landslide victory in Japan's election yesterday. Abe immediately set out to fulfill his promise to make the Bank of Japan print more money that the new government can throw at the moribund economy. As such, he plans to put together a "large scale" supplementary budget to stimulate the economy and will set the BOJ a 2% inflation target.

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