Japanese shares rose, with the Nikkei 225 Stock Average gaining for a 15th straight day, its longest winning streak on record, after Prime Minister Shinzo Abe’s ruling coalition retained its majority in Sunday’s general election, signaling continuity with his platform of fiscal spending and monetary easing.

The Nikkei 225 climbed 1.1 percent to 21,696.65, the highest close since July 1996, after U.S. equities rose Friday following Senate approval of a budget vehicle for tax cuts. The benchmark Topix index advanced 0.8 percent to 1,745.25, gaining for an 11th day, with electronics makers and chemical companies providing the biggest boosts, as the yen fell to the weakest in more than three months against the dollar.

“The biggest support was that the ruling coalition’s landslide win cemented expectations the Bank of Japan’s monetary policy stance won’t change, pushing the yen lower,” said Naoki Fujiwara, chief fund manager at Shinkin Asset Management Co. in Tokyo. “There’s little reason to sell stocks for now as Japanese companies’ earnings look good, the yen is in a weakening trend, and U.S. equities stay solid.”

Abe, 63, saw his ruling coalition retain its two-thirds majority in the 465-member lower house in Sunday’s election. That boosts his chances at winning another term next year as head of his Liberal Democratic Party, which could make him Japan’s longest serving leader.

While the Abenomics policy of monetary easing, fiscal stimulus and structural reforms has pushed down the Japanese currency, the Bank of Japan has yet to reach its policy goal of boosting the annual inflation rate close to 2 percent. The new administration will need to pick who would lead the BOJ given that the term of Haruhiko Kuroda, who has overseen unprecedented easing, ends in April.