Japan PM Kishida leads ruling LDP to a comfortable election win

Japanese Prime Minister Fumio Kishida on Monday prepared to tackle major policy decisions, including trying to pass an extra budget, after leading his ruling party to an unexpectedly strong election win to solidify his status in a fractious party.

Stocks surged to a one-month high on relief the Liberal Democratic Party (LDP) held onto its single-party majority in defiance of predictions – although it did lose a handful of seats, including that of party secretary-general Akira Amari.