Since the end of last year, the Nikkei 225 has increased around 16.4% while the Topix has risen roughly 19%. Nomura predicted the two indexes will climb to 25,000 and 1,850, respectively, by the end of 2020.
"Japanese stocks have been shown to have a strong cyclical flavor, and appear likely to come into their own as expectations rise for a global economic recovery," Nomura analysts wrote in a report earlier this month.To be sure, economic growth in Japan is still expected to remain sluggish — one reason why many investors have stayed away from Japanese stocks before the recent rally.
Economists from Morgan Stanley have even forecast zero growth in Japan in 2020. But the bank's equity analysts said "positive structural trends" in the country — such as improving corporate governance and profitability — could help Japanese stocks to maintain or increase their value.
How is that even possible given their skyrocketing debt and dwindling demographics? Not sure their market upswing will last much longer. At some point, facts weigh in hard.
Trump
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MAGA spilling over into foreign markets.