Nikkei Set for Record Streak as Abe Secures Election Win
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Japanese stocks jumped after Prime Minister Shinzo Abe’s ruling coalition retained its two-thirds majority in an election victory Sunday that paves the way for continued easy monetary policy and stimulative fiscal spending. The Nikkei 225 Index gained 0.9 percent at 9:33 a.m. in Tokyo, headed for a record 15th straight day of gains. The benchmark Topix index meanwhile has rallied for 11 days, trading at a July 2007 high.