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Julius Baer like further upside in Japanese equities

The broad TOPIX index of Japanese stocks hit a record high on Thursday, finally surpassing the high set in December of 1989.

Comments via an analyst at Swiss private bank Julius Baer, in summary indicate further upside ahead, citing:

corporate reformscurrency and flowspay hikesearnings revisionsgeopoliticslarge market caps

are adding to the positive outlook for Japanese shares.

ps The TOPIX is climbing again today.


TOPIX is the Tokyo Price Index

covers all domestic companies listed in the First Section of the Tokyo Stock Exchange (TSE)designed to track the overall trend of the Japanese stock marketincludes over 2,000 companiesa free-float adjusted market capitalization-weighted index (only shares available for trading are considered in its calculations​)

TOPIX daily candles

This article was written by Eamonn Sheridan at www.forexlive.com.

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