Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Nikkei May Top 15,000 If CPI Hits 2%, Shinkin’s Yamashita Says

Don't Miss Out —
Follow us on:

Jan. 22 (Bloomberg) -- The Nikkei 225 Stock Average may reach 15,000 if Japan’s inflation rate reaches 2 percent, according to Tomomi Yamashita, a senior fund manager at Shinkin Asset Management Co. in Tokyo, which oversees about 500 billion yen ($5.6 billion).

On the Bank of Japan’s policy decision today to adopt a 2 percent inflation target and shift to Federal Reserve-style open-ended asset purchases:

“The long-term trend for Japanese stocks is still up. The fact that the government and the BOJ are working together is very positive. Also, if the inflation target of 2 percent is reached, we could see the Nikkei 225 rise to 15,000.

‘‘The BOJ are now on the same page as central banks globally in increasing easing measures to stimulate the economy. They are all lined up now.

‘‘The volatility of stocks is increasing, which means investors risk appetite is also increasing.

‘‘The question now is what the actual government policies will be and that’ll become the focus from here on.’’

To contact the reporter on this story: Anna Kitanaka in Tokyo at akitanaka@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.