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| Version 0 | Version 1 |
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| Tokyo stocks rise on Abe win | Tokyo stocks rise on Abe win |
| (about 1 hour later) | |
| Shares in Tokyo rose, leading other Asian markets, after Prime Minister Shinzo Abe was given a vote of confidence for his economic policy known as "Abenomics". | Shares in Tokyo rose, leading other Asian markets, after Prime Minister Shinzo Abe was given a vote of confidence for his economic policy known as "Abenomics". |
| Mr Abe won a majority in parliament's upper house in Sunday's elections, according to exit polls. | Mr Abe won a majority in parliament's upper house in Sunday's elections, according to exit polls. |
| The Nikkei 225 index rose 0.8% to 14,691.64, after climbing 1.2% earlier. | The Nikkei 225 index rose 0.8% to 14,691.64, after climbing 1.2% earlier. |
| Mr Abe's policies are aimed at ending long-running deflation in Japan and boosting growth. | Mr Abe's policies are aimed at ending long-running deflation in Japan and boosting growth. |
| "We've won the public's support for decisive and stable politics so that we can pursue our economic policies, and we will make sure to live up to the expectations," Mr Abe told public broadcaster NHK after he was projected to win. | "We've won the public's support for decisive and stable politics so that we can pursue our economic policies, and we will make sure to live up to the expectations," Mr Abe told public broadcaster NHK after he was projected to win. |
| Analysts said Mr Abe could now work to implement painful economic reforms referred to as the "Third Arrow" of his set of policies. The first two arrows were an ultra-loose monetary policy and government spending. | Analysts said Mr Abe could now work to implement painful economic reforms referred to as the "Third Arrow" of his set of policies. The first two arrows were an ultra-loose monetary policy and government spending. |
| "Abe's victory was widely expected, but it gives a positive lead to the market as it raises expectations that legislation will pass more easily and he can focus on revitalising the economy," said Takuya Takahashi. from Daiwa Securities. | |
| 'Stable government' | |
| Mr Takahashi added that foreign investors were reacting positively to the prospect of Japan's first stable government since 2006. | |
| "The likelihood that there will be no national election for the next three years is positive. What investors are looking for is a stable government and they are watching how Abe can tackle deflation," he said. | |
| Japan has seen much political upheaval because of a "twisted parliament" where the opposition had control of the upper house. | |
| NHK said early on Monday that Mr Abe's Liberal Democratic party and its coalition partner had won a comfortable majority in the chamber. | |
| Mr Abe's policies so far have been applauded by investors, with the Nikkei up about 40% this year. | |
| The yen has also weakened in value about 15%, making exporters more profitable. | |
| Analysts said whether the gains in the Nikkei can be extended depends on whether the dramatic structural reforms will go ahead. |