Japanese stocks peaked in 1989. One strategist sees room for a new record high
Publishing timestamp: 2023-07-05 03:43:05
Summary
Jesper Koll, an expert director at Monex Group, believes that Nikkei 225 can reach 40000 points in the next 12 months due to increased investor interest and supportive government policies. However, Tony Sycamore from IG expects the rally to falter between the 36000 mark and the all-time high of 38195. Koll argues that Japanese assets are not overvalued and that there is no asset bubble causing social disruption in the Japanese economy.
Sentiment: MIXED
Keywords: nikkei 225 index, world economy, bank of japan, central banking, business news, interest rates, asia economy, inflation, prices, japan,
Source: https://www.cnbc.com/2023/07/05/japans-nikkei-225-breach-its-all-time-high.html