Morgan Stanley, UBS and Nomura say an expected recovery in corporate earnings will drive Japanese stock prices higher.
Since the end of last year, the Nikkei 225 has increased around 16.4% while the Topix has risen roughly 19%. Nomura predicted the two indexes will climb to 25,000 and 1,850, respectively, by the end of 2020.
"Japanese stocks have been shown to have a strong cyclical flavor, and appear likely to come into their own as expectations rise for a global economic recovery," Nomura analysts wrote in a report earlier this month.To be sure, economic growth in Japan is still expected to remain sluggish — one reason why many investors have stayed away from Japanese stocks before the recent rally.
Economists from Morgan Stanley have even forecast zero growth in Japan in 2020. But the bank's equity analysts said "positive structural trends" in the country — such as improving corporate governance and profitability — could help Japanese stocks to maintain or increase their value.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
20 Times Kim Kardashian Flaunted Platinum Blonde HairThe Kardashian family knows how to be blonde -- Kim Kardashian proves it!
Read more »
20 Most Dangerous Places For Gay Travelers (And The 5 Safest)I’m a travel and lifestyle authority and a content strategist who works with brands to create powerful storytelling. In this column, 'Transformative Travel,' I look at how travel can change women's lives. I profile the doers and the disrupters and cover the trends and the destinations that appeal to women today. I have been writing about travel since the early days of my career, when I started off as a honeymoon editor, even though — ironically — I was single at the time. Since then, I have written for a number of publications, including Food & Wine, Wallpaper and The New York Times. I have been the editor-in-chief of Yahoo Travel, which was named the top online travel magazine under my leadership. Before that, I was deputy editor of Travel & Leisure. Throughout my career, I have appeared regularly on television, including Good Morning America and NBC Today. Journalism is part of my heritage: My great great grandfather was a Civil War correspondent for the Chicago Tribune. Follow me on Twitter (laurabegley) and Instagram (laurabegleybloom).
Read more »
The 20 Most Anticipated Hotel Openings Of 2020Forbes Travel Guide’s editors pinpoint the 20 hot spots you’ll be hearing the most about in 2020—from a Bangkok beauty overlooking the Chao Phraya River to a spectacular seaside retreat in Montenegro.
Read more »
MipCancun 2019: 20 Takeaways, as Global Platforms Transform TV Production in Latin AmericaCANCUN, Mexico — Graced by the showrunners of “Narcos,” “Sr. Avila” and “Hernán” and multiple senior industry figures, MipCancun boasts a distribution market, co-production forum and power…
Read more »
20 Times Jill Duggar Went Rogue & Rebelled Against Her Ultra-Conservative FamilyThis member of the Duggar family isn't holding back when it comes to rebelling against her parents.
Read more »