Home > Dynamic > A weaker yen could p...

A weaker yen could push Japan's stock market rally into next year

2023-12-29

481

If the investment climate remains positive next year, the rally in Japan's (JPN) stock market may be extended.

The Topix and Nikkei 225 both hit 33-year highs and are up more than 20% so far in 2023, outperforming most equity benchmarks elsewhere in Asia. As the yen weakened against all major currencies, indicators tracking Japanese automakers and electronics companies surged at least 33%. There are signs that the Bank of Japan (BoJ) is in no rush to change its ultra-loose monetary policy.

Even if the yen rebounds since early November, Japanese stocks are likely to remain solid as the yen remains relatively cheap and corporate earnings are less susceptible to foreign exchange fluctuations. Overseas investors have also cheered Japan's push to increase corporate shareholder value.

The proportion of bullish and bearish oil price trends, Bloomberg crude oil trend survey, Bloomberg crude oil survey, crude oil trend survey, crude oil long and short analysis, crude oil weekly strategy, crude oil weekly report, how international oil prices will go next week, bullish and bearish on international oil prices

Japanese stocks outperform other Asian stocks in 2023 _By Bloomberg

>> Masashi Akazu, chief equity strategist at BofA Global Research in Tokyo, said: "Investors outside Asia, such as those in the United States, Europe and the Middle East, are also interested in Japanese stocks, if they really believe in Japan There will be improvement, they will raise the rating, and then funding will be aligned with fundamentals.”

Foreign investors were net sellers for only three months this year through November, according to data calculated by the Tokyo Stock Exchange.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

CM Trade

As a world leading financial trading platform, CMtrade Provides comprehensive one-stop trading services and opportunities for traders.

[Products]

The platform provides over 32 kinds of popular financial products such as forex, precious metals, crude oil, indices, cryptocurrencies and more.

[System]

2 top trading systems CM Trade MT4 / CM Trade APP, powerful and easy to operate

[Service]

Comprehensive market news, professional market analysis, 7*24 hours online customer service

[Advantage]

Low cost, high leverage, flexible one-stop all day two-way trading.

[Authority]

Licensed and strictly regulated by authorities. Traders deposits are independently kept by the bank. Fast deposit and withdrawal. Fair, efficient and transparent trading environment.

Free Access
Daily Trading Strategy Download Now

CM Trade Mobile Application

Economics Calendar

A weaker yen could push Japan's stock market rally into next year

Access to global trading markets anytime and anywhere