$A edges higher after Japanese election
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SYDNEY, Dec 17 AAP
December 17 2012, 06:41AM
The Australian dollar is slightly higher after a party favouring economic stimulus swept to victory in Japan's general elections.
At 0630 AEDT on Monday, the currency was trading at 105.48 US cents, up from 105.44 cents on Friday afternoon.
Japan went to the polls over the weekend, with conservative opposition, the Liberal Democratic Party (LDP), winning by a landslide.
The party's leader, Shinzo Abe, has vowed to rectify the listless economy after years of deflation, made worse by a soaring currency that has squeezed exporters.
He also offered to boost spending on infrastructure.