Asset Management One reviews the Japanese market monthly and provide you with the insightful review and outlook for Japan.
Japanese Investment Commentary and Market Outlook January 2023
“Stocks rebound and Yen sinks as the BOJ defies policy pivot”
The Japanese stock market rebounded in January, recouping losses in the previous month, along with the U.S. markets as fears of inflation receded. The Bank of Japan maintained its monetary easing measures, defying speculations of policy pivot. TOPIX 12 month forward PER traded at mid-12x.
Withdrawal of border entry limits, expansion of localised travel promotions to nationwide, and reclassification of Covid from Category II to V will fully reopen the economy and boost domestic consumption, offsetting slowing global growth.