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Nikkei 225 Has Record Winning Streak, Yen Falls on Abe Victory

  • Yen falls to weakest in more than three months against dollar
  • Abe’s election victory signals fiscal and monetary continuity
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Monex's CEO Says Abe's Win Is Good for the Market

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Japanese shares rose, with the Nikkei 225 Stock Average gaining for a 15th straight day, its longest winning streak on record, after Prime Minister Shinzo Abe’s ruling coalition retained its majority in Sunday’s general election, signaling continuity with his platform of fiscal spending and monetary easing. The yen weakened against the dollar.

The Nikkei 225 climbed 1.1 percent to 21,696.65, the highest close since July 1996, after U.S. equities rose Friday following Senate approval of a budget vehicle for tax cuts. The benchmark Topix index advanced 0.8 percent to 1,745.25, gaining for an 11th day, with electronics makers and chemical companies providing the biggest boosts, as the yen fell to the weakest in more than three months against the dollar.