Japanese stock will continue going up-- Nikkei article.
Friday, April 5, 2013
STOCK FOCUS: Nikkei Set To Continue Upward On BOJ Easing
TOKYO (NQN)--Investors were buying stocks Friday, pleased with additional monetary easing steps the Bank of Japan decided to implement at its two-day policy board meeting ended Thursday.
The Nikkei Stock Average is expected to continue this uptrend.
It is expected that stocks with high dividend yields will be aggressively purchased in line with lower interest rates triggered by the BOJ's easing steps. With hopes for a domestic economic recovery rising, stocks linked to domestic demand are also likely to attract funds.
Meanwhile, earnings forecasts that many companies begin to release from later this month need to be examined carefully. It is generally seen as unexpected for companies to announce earnings forecasts surpassing market expectations, as it is highly likely companies will release cautious forecasts as they usually do.
--Translated from market commentary by Shintaro Shinohara, head of equity investment at Prudential Investment Management Japan Co.