TOKYO, Jan 18 (News On Japan) –
The Nikkei Stock Average has seen a wave of shopping for orders over a variety of shares, with some fearing that overheating has left the market value considerably exceeded the ETF’s benchmark value, resulting in a possible danger for buyers.
Some strategists, nonetheless, are extra optimistic.
Takashi Hiroki, Chief Strategist at Monex Securities, commented, “With Japanese companies shifting from unprofitable ventures to more efficient earning models, this transformation is gradually being recognized by domestic and foreign investors, leading to a reevaluation of Japanese stocks. I think it might rise to around 42,000 yen by the end of the year.”
Daiwa Securities Group President Seiji Nakata forecasts the Nikkei to exceed 40,000 by year-end.
Source: 日経CNBC