With Japanese stocks suddenly back en vogue with global investors, analysts at top Wall Street investment banks are predicting more upside for the country’s benchmark indexes.
Japan’s Topix (Tokyo Price Index) has marked new peaks in the past two weeks, seeing its highest level since July 1990 on Monday.
It’s notched a 14% jump since the beginning of this year, most recently fueled by optimism from a tentative debt ceiling deal reached between U.S. President Joe Biden and House speaker Kevin McCarthy, alongside a boost from a weakening yen. Meanwhile, the Nikkei 225 has rallied further, having gained some 20% year-to-date.
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