Japan's anticipated shift away from its ultra-easy monetary policy is expected to uniquely benefit the equity market, with interest rate hikes poised to boost stocks. This outlook is supported by a surge in Japanese stocks toward record highs, influenced by asset managers increasing bearish positions on the yen significantly. BlackRock has forecasted that Japan's equity market will be the primary beneficiary of these interest-rate hikes, anticipating the Bank of Japan (BOJ) to relax its ultraeasy monetary stance soon. Concurrently, the Nikkei is on the brink of reaching a historic peak, with Goldman Sachs' Chief APAC Equity Strategist, Tim Moe, suggesting on Bloomberg TV that Japanese stocks have further potential for growth. This bullish sentiment is underpinned by record profits in Japan, indicating the Nikkei is primed for an all-time high. Additionally, the Tokyo Stock Exchange has reclaimed its position as Asia's largest in terms of market capitalization, with stock averages nearing record levels as investors pivot from China to Japan.
The Tokyo Stock Exchange has regained the top spot in Asia's market capitalization, with stock averages nearing record highs as investors shift focus from China to Japan. https://t.co/ro64EQmO2H
Record Japan profits show the Nikkei is primed for an all-time high. https://t.co/zUfgvc5dIT
With the Nikkei on the verge of a historic high, our Chief APAC Equity Strategist Tim Moe shares why Japanese stocks “may have further to go" on Bloomberg TV: https://t.co/kULl5dtszW
BlackRock predicts Japan's equity market will benefit most from interest-rate hikes, expecting the BOJ to ease its ultraeasy monetary policy in the very near future. https://t.co/N9jaD0ySLo
The rally in Japanese stocks toward record highs comes as asset managers increased bearish positions on the yen to the most in more than a year https://t.co/NoMczT8Btk
Japan’s much-anticipated exit from its ultra-easy monetary policy is likely to have the unusual effect of making the equity market the biggest beneficiary from interest-rate hikes https://t.co/LB0kJUNbvo