Japan's Nikkei seen rising 4.6% this year on solid corporate outlook, global economy - Reuters poll
share average will rise 4.6% by year end, supported by a firm corporate outlook and a solid global economy, according to equity market strategists in a Reuters poll.
The index has been hovering below 40,000 since the beginning of April after hitting a record intraday high of 41,087.75 on March 22. Share buybacks and unwinding cross-shareholders driven by the governance change were behind the index's rally. The Nikkei has risen 16.4% so far this year, following a 28.2% gain in 2023.
Uncertainties about the yen's move against the dollar has also hurt sentiment the Japanese stock market, but some strategists said the negative impact of the currency's possible gain against the dollar will be limited.
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