Death of ‘Abenomics’ father may give Japan scope to curb stimulus

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TOKYO, July 11 — 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 yesterday's parliamentary election, where his party’s coalition expanded their upper house majority.Kishida is unlikely to do anything immediately that could antagonise lawmakers loyal to Abe, who led the biggest faction in Kishida’s Liberal Democratic Party (LDP) after stepping down as premier in 2020, analysts say.But ultimately his absence and the LDP’s victory in yesterday's election, helped by an Abe sympathy vote, could give Kishida political capital to change pol…