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Abe-nomics, the magazine Shukan Bunshun calls it: “From People to Concrete. The Abe Bubble Is Coming!” it said in a front-page story forecasting a return to old-time pork-barrel politics and a “fast-forwarding” of mortgage lending.

Mr. Funabashi, the former newspaper editor, said Mr. Abe’s room to maneuver likely will be constrained by the Liberal Democrats‘ likely coalition partner the Komeito, by powerful business interests and even by Japan’s main ally, the United States.

“These will be pressuring Abe toward the center,” Mr. Funabashi, now chairman of the Rebuild Japan Initiative Foundation, told a conference in Tokyo.