After Prime Minister Shinzo Abe’s ruling coalition acquired a majority in the parliament’s upper house, Japanese equities and country-specific exchange traded funds rallied on hopes that the administration would enact additional stimulus measures to support the economy.

On Monday, the WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) rose 5.1%, iShares Currency Hedged MSCI Japan ETF (NYSEArca: HEWJ) increased 4.9% and Deutsche X-trackers MSCI Japan Hedged Equity ETF (NYSEArca: DBJP) gained 5.0%.

The currency-hedged Japan ETFs also found support from a depreciating Japanese yen. The CurrencyShares Japanese Yen Trust (NYSEArca: FXY), which tracks the currency movement of the yen against the U.S. dollar, declined 2.3% as the yen weakened to ¥102.8 against the greenback.

Meanwhile, the non-hedged iShares MSCI Japan ETF (NYSEArca: EWJ) advanced 2.5%.

Related: Japan’s 2016 Monetary Policy: Mistakes and Missed Opportunities

Abe’s ruling coalition, like-minded parties and independents won a two-thirds “super majority,” Reuters reported. Abe’s Liberal Democratic Party was one short of winning a simple majority.

The win would allow his administration to push ahead with constitutional reforms, notably restraints on its military. Abe also promised to take action on the economy, with a “swift formulation of comprehensive, bold economic measures.”

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