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Tokyo stocks muted following Abe win

 

Shares in Tokyo are little changed after Prime Minister Shinzo Abe was given a vote of confidence for his economic policy known as "Abenomics".

As widely predicted, Mr Abe has won a majority in parliament's upper house in Sunday's elections, according to exit polls.

After climbing 1.2% in early trading, the benchmark Nikkei 225 fell back to be level for the day at about 14,590.

Analysts said the outcome had already been factored into trading strategies.

Since becoming prime minister late last year, Mr Abe has introduced policies aimed at ending long-running deflation in Japan and boosting growth.

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Submitted: 07/22/2013
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