At least in the short run, the Japanese economy is likely to benefit from Democratic Sen. Barack Obama's victory in the U.S. presidential election, as large-scale economic stimulus packages loom, economists said Wednesday.
The new U.S. administration said it will put together major economic measures that include tax cuts, said Hiroaki Muto, senior economist at Sumitomo Mitsui Asset Management. The steps will probably boost the U.S. gross domestic product and aid Japan through increased exports, he said.
Koichi Haji, chief economist at NLI Research Institute, agrees the Japanese economy will benefit from the new U.S. administration.