Official election results have been released and the world's third largest economy has yet another new prime minister - seventh in the last six years. Not only is the win a significant victory for the LDP party, but it also confirms that monetary stimulus is on its way. The new expansionary policies have serious implications when it comes to the country and its currency - the Japanese yen.
Election Results
Following the weekend's election, Liberal Democratic Party candidate Shinzo Abe returned his party to power - handing the opposition a crushing defeat. The LDP captured 61% or 294 spots in the 480 seat lower house of parliament. The victory was considered a landslide as the LDP was able to capture almost all 300 seats designated by popular vote.
Subsequently, the LDP victory leaves the DPJ (or Democratic Party of Japan) with only 57 seats, slightly
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Source: http://www.moneytec.com/forums/f230/what-abe-win-means-japan-usdjpy-61377/
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