Japanese equities are set to climb over the next six months, helped by optimism for corporate profitability and speculation the US will pause interest rate hikes, according to strategists.
The Nikkei 225 Stock Average will rise to 34,000 at the end of the fiscal second half through March, according to the median forecast of strategists surveyed by Bloomberg News. That represents a 6.7% upside from the last close on Friday, and surpasses this year’s intraday high of 33,772 reached in June.
Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors.
