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🇯🇵 Tokyo stocks are eyeing new highs next year
Analysts expect Japanese equities to extend their uptrend, supported by ongoing government stimulus lifting corporate profits. Even if 10-year JGB yields push above 2%, the impact on stocks is seen as manageable.
The big watch-out?
A sharply weaker yen vs USD tied to fiscal concerns could pressure the market.
The Nikkei Stock Average is projected to approach 55,000, breaking the prior record close of 52,411 set in October—assuming growth stays on track.
Momentum is there.
Currency risk decides the pace. 🫥