The death of Shinzo Abe, namesake of Japan¡¯s Abenomics policy, makes any immediate challenge to his legacy highly unlikely but could eventually allow Prime Minister Fumio Kishida to phase out Abe¡¯s government spending and monetary stimulus.
In a rare act of political violence that shocked the nation, Japan¡¯s longest-serving prime minister was gunned down on Friday while campaigning for Sunday¡¯s parliamentary election, where his party¡¯s coalition expanded their Upper House majority.
Kishida is unlikely to do anything immediately that could antagonize lawmakers loyal to Abe, who led the biggest faction in Kishida¡¯s Liberal Democratic Party after stepping down as prime minister in 2020, analysts say.
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