“Mr Abe’s Liberal Democratic Party (LDP) won a landslide victory on Sunday, securing a two-thirds ‘super-majority’ in the Diet with allies that can override senate vetoes. Mr Abe said he would ‘set a policy accord’ with the Bank of Japan for a mandatory inflation target of 2pc, backed by ‘unlimited’ monetary stimulus. ‘It’s very rare for monetary policy to be the focus of an election. We campaigned on the need to beat deflation, and our argument has won strong support. I hope the Bank of Japan accepts the results and takes an appropriate decision,’ he said. He has already threatened to change the Bank of Japan’s governing law if it refuses to comply.”
