Japan's Market Performance Reflects Success Of Abenomics

Voters in Japan handed a big victory to the ruling party in parliamentary elections Sunday. It’s a vote of confidence in Prime Minister Shinzo Abe’s ambitious economic agenda, which goes by the name of Abenomics. Abe has pledged to stir up Japan’s moribund economy, but it will mean challenging some entrenched interests. Abe has done this through his “three arrows” agenda. It’s a combination of loose monetary policy, increased government spending and structural reforms in the economy. Abenomics is very much in its early stages and yet it has coincided with some promising economic signs. The yen has fallen, which…