Connect with us

archive

Honorable Abe’s Rally Shoots Nikkei Past 16,000

Honorable Abe’s Rally Shoots Nikkei Past 16,000 (CNBC)

Japan’s Nikkei 225 Index topped 16,000 for the first time since November 2007. Year-to-date gains for the index are expected to be around 53 percent, the best annual rise since 1972. The stellar performance of the world’s third largest economy continues to underscore the accuracy of Prime Minister Shinzo Abe’s reforms and the solid performance of the U.S. economy, which recorded its 48th record close of the year on Monday. Looking ahead, the Japanese government’s monthly economic report for December is not expected to mention “deflation” for the first time in four years, giving more hope to investors longing for the nation to pull out of its 15-year trend of falling prices. As to what lies ahead for the Japanese market, Vishnu Varathan of Mizuho Bank, told CNBC, “We’re not looking for a major rally beyond 17,000 but rather we expect the index to average around 16,300 to 16,500 next year.” That’s more good news… something investors haven’t heard about the Japanese economy in a long time.

Newsletter Signup.

Sign up to the Human Events newsletter

Advertisement
Advertisement

TRENDING NOW:

Dunkin Donuts Refuses to Get Woke: ‘We Are Not Starbucks’

CULTURE

Woke Mafia Panics as Game of Thrones Slays Queen SJW

CULTURE

Human Events from London: Farage’s Eyes Power As Brexit Party Surges.

FOREIGN AFFAIRS

China, the EU, and Globalism – Not Brexit – Killed British Steel

FOREIGN AFFAIRS

archive

Honorable Abe??s Rally Shoots Nikkei Past 16,000

Japan??s Nikkei 225 Index topped 16,000 for the first time since November 2007.

Honorable Abe??s Rally Shoots Nikkei Past 16,000 (CNBC)

Japan??s Nikkei 225 Index topped 16,000 for the first time since November 2007. Year-to-date gains for the index are expected to be around 53 percent, the best annual rise since 1972. The stellar performance of the world??s third largest economy continues to underscore the accuracy of Prime Minister Shinzo Abe??s reforms and the solid performance of the U.S. economy, which recorded its 48th record close of the year on Monday. Looking ahead, the Japanese government??s monthly economic report for December is not expected to mention ??deflation? for the first time in four years, giving more hope to investors longing for the nation to pull out of its 15-year trend of falling prices. As to what lies ahead for the Japanese market, Vishnu Varathan of Mizuho Bank, told CNBC, ??We??re not looking for a major rally beyond 17,000 but rather we expect the index to average around 16,300 to 16,500 next year.? That??s more good news? something investors haven??t heard about the Japanese economy in a long time.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

TRENDING NOW:

Dunkin Donuts Refuses to Get Woke: ‘We Are Not Starbucks’

CULTURE

Woke Mafia Panics as Game of Thrones Slays Queen SJW

CULTURE

Human Events from London: Farage’s Eyes Power As Brexit Party Surges.

FOREIGN AFFAIRS

China, the EU, and Globalism – Not Brexit – Killed British Steel

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter