Japan’s Abe Headed for Big Election Win, Polls Say

TOKYO—Prime Minister Shinzo Abe is poised for a big victory in Oct. 22 parliamentary elections, beating back a challenge by Tokyo Gov. Yuriko Koike, according to five polls published by major Japanese news organizations.

Investors welcomed the news on Thursday, viewing a continuation of Mr. Abe’s nearly five years in office as a sign of stability, in contrast to political upheaval elsewhere. The Nikkei Stock Average, which hit a two-decade high on Wednesday, continued its advance, closing up 0.35% Thursday.

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