Japan's Biggest Profit Beat in Years Seen Boosting Stock Appeal
Comment of the Day

November 13 2020

Commentary by Eoin Treacy

Japan's Biggest Profit Beat in Years Seen Boosting Stock Appeal

This article by Kurt Schussler for Bloomberg may be of interest to subscribers. Here is a section:

“The number of positive surprises in first-half results has been greater than expected, so gains in earnings revision should accelerate and we expect more funds to flow in from overseas,” strategists led by Masashi Akutsu said in a note this week.

Eoin Treacy's view

Japan has come through the pandemic better than most other developed countries. That’s a particularly admirable result considering the large numbers of elderly people in the population. The prospect of a return to growth for the export-oriented portion of the economy has helped to spur interest in the Nikkei-225 over other domestic indices. 

 

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