SPEU - The Japanese Stock Rally May Have More Room To Run
2024-03-20 06:05:00 ET
Summary
- "Abenomics," an ambitious economic plan created by late prime minister Shinzo Abe, laid the groundwork for today's Japanese stock rally.
- Today, I think it's fair to say that Japan is realizing much of Abe's vision, as structural reforms appear to be taking hold.
- Attractive valuations, cash on the sidelines, and monetary policy could drive Japanese equities higher going forward.
It feels like the late 1980s again. Not because I’m wearing Reebok high top sneakers, Guess jeans and Esprit jackets or listening to Men at Work and Yes, but because there’s a lot of excitement around Japan’s economy - and Japanese equities have experienced a strong rally over the past year. 1 ...
The Japanese Stock Rally May Have More Room To Run