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Election helps Nikkei to longest rally since '61

Investors encouraged by Abe's expected win, but profit taking could follow

The Nikkei average closed higher for a 14th straight session on Oct. 20. (Photo by Yoichi Iwata)

TOKYO -- The Nikkei index on Friday extended its winning streak to 14 days, tying an all-time record. A weaker yen and the ruling coalition's expected victory in elections on Sunday pushed Japanese stock prices higher.

The 225-issue Nikkei Stock Average rose 9.12 points, or 0.04%, to 21,457.64, its highest close since Oct. 18, 1996.

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