A landslide election victory for Japan's Liberal Democratic Party last night is set to usher in a surge in spending on public works and a big push for the Bank of Japan to adopt more aggressive monetary easing to curb deflation.
Dr Seijiro Takeshita, director of Mizuho International, told Today business presenter Lesley Curwen about the impact the election result will have on Japan's flat-lining economy.
"There will be a lot more pressure on the Bank of Japan and there will be more policy to be announced at the end of the month," he explained.
The new government "understands that the economy is the biggest agenda", he added.
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