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Monday, July 22, 2013

Shinzo Abe's LDP wins big in election, shares rise.

Stocks in Japan increased 0.7% after the bloc led by the Liberal Democratic Party of Prime Minister Shinzo Abe won a big majority in an election for the country's upper house yesterday, giving the LDP control of both chambers of parliament. While the result gives Abe a strong mandate for his aggressive economic reform, some are worried he'll shift his focus to the pursuit of his party's nationalist agenda.

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