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[hfe_template id='11223'] [ad_1] Japan's Nikkei share average marked a second week of declines on Friday as investors weighed the risk outlooks ahead of a domestic election that could see the ruling party lose its majority. The Nikkei closed 0.6% lower at 37,913.92, posting a 2.7% loss for the week. The broader Topix finished down 0.7% at 2,618.32. The markets have been on edge as recent opinion polls suggest voters could end the Liberal Democratic Party's over decade-long dominance on Sunday, forcing the ruling party into power-sharing deals that may undermine the country's leadership. "That's basically the scenario for 'sell Japan'," with investors considering various scenarios on how such an outcome could impact the fiscal and monetary policy outlook, said Naka Matsuzawa, chief macro strategist at Nomura Securities. The losses were widespread as investors adjusted positions on Friday, the last day of trading before votes are counte...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average rallied more than 2% on Friday, buoyed by further softening of the yen after a strong advocate of "Abenomics" took the lead in first-round votes in the ruling Liberal Democratic Party's leadership election. The Nikkei ended 2.32% higher at 39,829.56, its highest close since July 19, while the broader Topix finished up 0.73% at 2,740.94. The gains extended after right-wing economic security minister Sanae Takaichi and former defence minister Shigeru Ishiba qualified for the second round of voting to replace Prime Minister Fumio Kishida as the leader of Japan's ruling party. The market was reacting to Takaichi, an advocate of deceased former premier Shinzo Abe's "Abenomics" stimulus policies and a vocal opponent of further interest rate hikes in Japan, coming in with the most votes in the first round, analysts said. "She advocates for monetary easing and fiscal stimulus...