Yen falls to 3 month low after ruling coalition's loss; stocks surge

LDP-led bloc seen shifting to expansionary measures to win July election

20241028 dollar yen

The yen is likely to suffer while the ruling coalition seeks alliances with smaller opposition parties for the upper house election, experts say.  (Photo by Yutaka Miyaguchi)

LISA KIM, Nikkei staff writer

TOKYO -- The Japanese yen weakened to the upper-153 level on Monday after the ruling coalition lost its majority in Sunday's general election, casting uncertainties over the country's fiscal and monetary policies.

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