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The Nikkei 225 average recorded its 15th consecutive gain on Monday. (Photo by Maho Kohata)
Stocks

Japan election pushes Nikkei 225 to record 15th consecutive gain

PM Abe's supermajority victory likely means continued monetary easing

SHOTARO TANI, Nikkei staff writer | Japan

TOKYO -- The Nikkei 225 stock average achieved its longest winning streak ever, pushed along by Prime Minister Shinzo Abe's landslide victory in Japan's lower house election.

The Nikkei average ended Monday's trading up 239.01 points, or 1.11%, to 21,696.65 yen. The prime minister's ruling Liberal Democratic party-led coalition secured a two-thirds parliamentary supermajority in Sunday's election, boosting investor confidence that the aggressive monetary easing by the Bank of Japan, part of the prime minister's signature "Abenomics," will continue for the foreseeable future and will send stock prices even higher.

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